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Another fraud financial company comes to light

Another fraud financial company comes to light

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  1 July 2018 11:30 PM GMT

Staff Reporter

Guwahati, July 1 : Despite people being cheated to the tune of crores by fake financial institutions, there seems to be no end to the appearance and disappearance of such fraud institutions. In the latest instance, a cheat organization under the name and style of Bright Shine Co pvt Ltd has cheated a large number of people in the city itself.

As per information available, the modus operandi of the institution is to approach people with fake RBI documents and fake government registration documents to mke deposits with the company while promising high interest / dividend returns on maturity.

The fraud came to light through one Monojit Sinha, a resident of New Colony in the Panduarea of the city. As per an FIR Sinha lodged with the City Commissioner of Police (FIR dated June 11, 2018) he opened a 2-year recurring account with the company for a maturity amount of Rs 10 lakh in 2015. In 2017 when he went to the office for his matured amount, he found that the office was missing. Significantly, Sinha’s brother and some of his friends also opened accounts with the company and accordingly deposited money in the account of the company.

In his FIR Sinha also said that while a small portion of his money was refunded to his bank account by the company, later the company member issued threats that he would be killed and his family members kidnapped if he pressed for more money.

Sinha has mentioned three names in the FIR. They are L Thungben Lotha , Limathung Lotha and James Sisthir, all of them hailing from Nagaland.

The Commissioner has handed over the matter to DCP (Crime) for the necessary probe. Presently, Jalukbari police station has been handed over the case with DCP (Crime) instructing the PS to register the case and take necessary action.

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