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Sunday, July 12

Ponzi scheme : Rs 50 crore misappropriated

Ponzi scheme : Rs 50 crore misappropriated


www.mangaloretoday.com

Mangaluru, Jan 12, 2020:  Hundreds of people have allegedly been cheated of Rs 50 crore through a ponzi scheme of a monthly interest of 4% in the city.

According to police, Dhanush M K, a native of Kundapura, along with his relatives and friends, started Speek and Group company, and allegedly cheated the people.

Two cases have been registered at Mangaluru Rural police station and more than 60 persons have filed complaints in this regard. Complaints have also been registered at Kavoor and Kankanady police stations.

According to preliminary investigation based on the complaints given to the police, a total amount of  Rs 50 crore was deposited in the Ponzi scheme. Prime accused Dhanush and his girl friend Jean Nisha Misquith have gone missing and they are suspected to have fled the country. Another accused Uday Kumar Nayak is still at large, a police source added.

Based on the complaint, Mangaluru Rural police have arrested Manjunath Nayak of Derebail, Vikas Nayak alias Tilak Raj of Muthyalanagara near Mathikere in Bengaluru, Denzil Mascarenhas of Konchadi, Ashok Naik of Derebail and Vishwanath Nayak of Mathikere. A majority of the suspects are the relatives of Dhanush, the source said.


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