Home >> Corporate Governance >> Directors of Anmol India Agro Herbal Farming arrested for duping people in name of investment

India CSR News Network

RAJNANDGAON (Chhattisgarh): Police arrested Directors of Anmol India Agro Herbal Farming and Diaries Care Company Limited for duping people in the name of giving them flats in exchange of investment. The Directors also assured people of returning twice of their amount deposited with the company.

Download SEBI Order SEBI Order in respect of Anmol India Agro-Herbal Farming and Dairies Care Company Limited and its Directors

The accused identified as Md Khaalid Memon (39) and Md Junaid Memon (34) have been booked under Sections 406 and 420 of Indian Penal Code (IPC) apart from other relevant provisions.

The matter came to fore after Satwant Singh Bhatia (62), one of the victims, filed complaint with Basantpur police. In his complaint, Satwant stated that the company has been operating at Anupam Nagar since 2008 and it is engaged in getting money deposited by people who were assured of flat in lieu of money.

Besides, people were also assured of double the amount of investment in time period of six years.Victim, after coming under influence of company officials, deposited Rs 90, 000 against which he was given the certificate. In addition, victim also deposited Rs 1.58 lakh as Recurring Deposit (RD) and three RDs of Rs 30, 000 each. The point to be noted is that victim was neither given flat nor twice of amount and rather company was shut down in 2014.

The accused, reported to be the residents of Nagpur were arrested on Saturday by police. Earlier also in similar kind of cas, the accused have been charged under Sections 406, 409 and 420 of IPC. A letter has been written to Security Exchange Board of India (SEBI)
seeking information about the company.

According to ASP Shashimohan Singh, the accused have been arrested from Nagpur and an amount of Rs 44 crore was to be refunded to investors. Police is trying to ascertaining the information about people who invested with company, he said.

the author

India CSR (indiacsr.in) is a news portal in the domain of CSR, live since 2009. India CSR welcomes your stories, comments on issues that interest you, feedback, comments from your side to make it more purposeful and resourceful, will carried in. indiacsr.in is designed, updated and maintained by CSR India Corporate Social Services Pvt Ltd. (CIN: U93000CT2012PTC000120). Contents available at indiacsr.in are non-fiction. Though all efforts have been made to verify the accuracy of the content on this website, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the indiacsr.in and/or source(s). Twiteer: https://twitter.com/INDIACSR. Find updates at https://www.facebook.com/indiacsrnetwork Statement, articles, views and contributions can be sent to editor@indiacsr.in.

Leave a Reply

Your email address will not be published. Required fields are marked *

  • Contact

    India CSR News Network

    CSR India Corporate Social Services Pvt Ltd

    CIN: U93000CT2012PTC000120

    Registered Office: House No.222, Krishna Vatika, Boirdadar, Raigarh - 496001 (Chhattisgarh) INDIA

    Mumbai: India CSR, 208, Sangeet Palaza, Marol Naka, Andheri East, Mumbai - 400059

    New Delhi: India CSR, M-65, Panther Lane, GK-1, New Delhi

    M: 91 (0) 99810 99555 (Rusen Kumar)

    E: editor@indiacsr.in (Only editorial)

    E: info@indiacsr.in (Only business proposal)

    W: www.indiacsr.in

  • About Us

    We welcome your feedback, comments, suggestions and ideas. We are also interested in finding new data sources, sponsors for our site and our partner sites, and organizations who would like to work with IndiaCSR to help change the world. The website has been founded by stalwarts from the industry and is growing steadily to become an inspiring network of business people working towards the common goal of sustainability. Mission: Our mission is to support practitioners and organizations in building responsible and sustainable business in India and in this way to contribute to sustainable development of societies at large.
  • Privacy Policy

    What is this Privacy Policy for?

    This privacy policy is for this website and served by IndiaCSR and governs the privacy of its users who choose to use it. The policy sets out the different areas where user privacy is concerned and outlines the obligations & requirements of the users, the website and website owners. Furthermore the way this website processes, stores and protects user data and information will also be detailed within this policy.

    read more..

  • Partner with us

    Whether it’s through our B2B or CSR partnership programs, partnering with India CSR can help you to increase business network, build your brand, and expand your reach worldwide. India CSR has always believed in the advancement of information technology & communication, learning, and education, playing a key role within those knowledge communities for generations.

    read more..

Top