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Vadakara: In the Tycoons investment fraud case, more then 25 persons gave complaint to the investigation team. The state government has decided to form investigation squads in each district. Though investigation was progressing, those who lost their money were not given written complaint so far. Many were reluctant to complaint against company officials, as the officials spread rumors that if they would give complaint they wont get back money. But when realizing that they have lost their money, many who have invested the money from Vadakara and Payyoli gave complaints.
Those who have given complaint had lost more than one lakh rupees. They were not given the promised commission. Some got Rs 10,000 in the fist month. The next month they were given Rs 9000 and when asked about the decrease of Rs 1000 the company officials said that they have invested the money in the newly constructing malls in Kerala and Chennai. Some got the picture of shopping malls through email. But later police found that building belong to some one else. It was also claimed that the company has shopping mall in Chennai Adayar, but when police inspected the place, the company owned only two rooms in the mall.
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Those who have given complaint had lost more than one lakh rupees. They were not given the promised commission. Some got Rs 10,000 in the fist month. The next month they were given Rs 9000 and when asked about the decrease of Rs 1000 the company officials said that they have invested the money in the newly constructing malls in Kerala and Chennai. Some got the picture of shopping malls through email. But later police found that building belong to some one else. It was also claimed that the company has shopping mall in Chennai Adayar, but when police inspected the place, the company owned only two rooms in the mall.
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