Relatives cheats man by luring with ponzi scheme, Ahmedabad


One more ponzi scam is busted and this time the investment has increased from doubling the invested money to investment in land. A man on the insistence of his relative invested a total of 47 lac rupees including his and other relatives amount. He was promised double amount in 6 months and when he went to take his money he was given a land which was not possessed by the accused.
The accused ran a company named Aliya Investment Pvt. Ltd. A police complaint is lodged in which one of the accused is nabbed and three are wanted.

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