A case has been registered against the chairman of an investment company and his wife, who holds the post of director, for allegedly committing a fraud of about `200 crore, the police said on Sunday.
The two had floated an investment company and expanded into retail stores, edible oil, milk and several branded products. They allegedly duped investors by promising them high returns with an interest of up to 12.5 per cent, the police said. About `200 crore were collected from across Vidarbha and mostly retired government servants and businessmen fell into the trap, the police added.
The police received a number of complaints in this regard, following which the Economic Offences Wing (EOW) conducted an investigation. Subsequently, offences under relevant sections of cheating and criminal breach of trust under IPC (406, 420, 34) and provisions of Maharashtra Protection of Investors Deposit Act, 1999, were registered on Saturday night, the police said. No arrest has been made so far, the officers added.
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Students preach energy conservation
Mumbai: Club Enerji, Tata Power’s nationwide energy conservation movement has gained impetus due to the focus and dedication of school children to spread awareness about resource conservation. In this sequence, students reached up to the Ganpati pandals and educated the citizens on the importance of bringing down energy consumption and finding a balance between festivities and wasting resources. Mr Anil Sardana, MD, Tata Power said, “The students will also be promoting green activities like using LED lights, switching off and use of traditional lights over electric lights, saving fuel, etc.”
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Country gets its first Urdu Law Dictionary
Mumbai: Kanoon Lugat, an Urdu law dictionary, billed as a first-of-its-kind in the country, was released on Sunday in the presence of legal luminaries. The dictionary, encompassing 52,000 legal terms, has been translated in Urdu for the first time, said chief translator and Supreme Court advocate Muhammad Irshad Hanif, at a function. Advocate Hanif has also translated the Indian Penal Code and Indian Evidence Act in Urdu, besides publishing two books Taziraat-e-Hind and Qanoon Shahadat-e-Hind. — PTI