2022 Big Scam Fraud in India |Hijau Associates Private Limited

CHENNAI: The Economics Offences Wing CID police have busted a scam in which a employer accrued round 360 crore from 1,500 depositors promising 15% returns every month however failed to achieve this. A case has been registerd and one character arrested.
Based on a selected tip and complaints from the depositors, police investigated and observed that the administrators of Hijau Associates Private Limited used the firm’s sister issues SG Agro Products, Aruvi Agro Products, Sai Lakshmi Enterprises, Ram Agro Products and RMK Bros tio lure depositors and cheated them.

A case was registerd in opposition to 21 humans including administrators Soundarajan and Alexander beneath Sections 409, 420, one hundred twenty(B), 109, 34 of IPC and Section five of The Tamil Nadu Protection of Interests of Depositors (In Financial Establishments) (TNPID) Act, 1997 and Sections 21(three), 22, 23, 24, 25 of Banning of Unregulated Deposit Schemes Act (BUDS) Act.
One of the accused, D Nehru, 49, of Periyar Nagar, became arrested and sent to prison. Police suspect numerous masses more might have been cheated by the company and feature requested any victim to reach the research officer at ‘hijaueowdsp@gmail.Com’ to file court cases.

Below mention Comment Taken From Cons Fraud Website | Note 

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