As per the FIR, though the directors paid monthly returns regularly until January 2024. However, payments stopped thereafter.
(Representational/ iStock)
A case was booked against a private finance firm and its directors in Hyderabad, on Monday, 20 May, following a complaint that they allegedly duped over 400 depositors to the tune of ₹200 crore promising high interest rates, police said. Police registered the case based on the joint complaint by a 70-year-old man and others, who invested in the firm.