Vikas living in Hauz Khas area of delhi came to know about a pyramid investment scheme. He did not take interest in investing in this scheme at first, but when some people around him said that such a scheme is running across the country and it is a scheme giving great returns. After this, Vikas initially invested ₹ 9000 in a Ponzi scheme. On an investment of ₹9000, he got ₹27000 back in a month. After this development got greedy.
Vikas was told that the company has various investment schemes ranging from ₹ 9000 to ₹ 1,00,00,000. In this, the company invests money in many companies, products and elsewhere. Along with this, Vikas was promised that all the people who invest money at his behest, they will also get returns and Vikas will also get his commission.
After this Vikas fell into this greed. Vikas was told that a new scheme has come to the company for grocery stores. A return of 300% will be given on putting ₹ 50,00,000 in this. Vikas got caught in the web of their words and in May he gave ₹ 50,00,000 in cash to a person of this fake company.
The very next day, he came to know about the action taken by the ED against a company in which it came to know about the confiscation of the company’s property and an amount of more than ₹ 700 crore. On hearing this news, Vikas got worried about his ₹ 50,00,000 and asked for documents from the accused for the deposited amount. The company was running a fake investment scheme, so they did not have any such…