Investors allege ₹1.6 crore fraud in WTC GIFT City scheme

CID (Crime) has registered a complaint alleging financial fraud exceeding Rs 1.56 crore in a GIFT City investment scheme. Investors were promised high monthly returns and a buyback guarantee for commercial units, but their funds were allegedly not repaid after payments stopped in September 2022. Post-dated cheques for repayment were dishonoured, prompting an investigation into the alleged fraud.

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