
Mangalore, August 1: In yet another fraud, a finance company promising high interest on deposits has cheated public to the tune of over Rs 10 lakh.
It is said that Francis Nazarath of Damsakatte, Kinnigoli near here, was appointed as financial advisor to Guru Solutions in Kodialbail, by Suresh Coimbatore, Suresh M and Vasanth on the condition that he would enroll members to the finance company.
The members were promised that their investment would be doubled. Francis had collected nearly Rs 10,57,200 from the public.
But the company did not return any money to the members, which drove Francis to lodge a private complaint against the company at the JMC court.
The court directed Mangalore East police to investigate the matter.

Comments
Add new comment