Ponzi firm dupes loan seekers in Nilagiri

Balasore: A fraudulent company allegedly looted lakhs of rupees from a group of women on the pretext of providing low-interest loans in Sajanagarh area under Nilagiri police limits of Balasore district. As per the allegations by the duped depositors, a ponzi firm had opened an office in Sajanagarh area and collected Rs 5,000 each from […]

Duped

Balasore: A fraudulent company allegedly looted lakhs of rupees from a group of women on the pretext of providing low-interest loans in Sajanagarh area under Nilagiri police limits of Balasore district.

As per the allegations by the duped depositors, a ponzi firm had opened an office in Sajanagarh area and collected Rs 5,000 each from around 50 local women on promise of providing them low-interest loan worth Rs 2 lakh each a few months ago.