SATISH HANDA

Special court at Panhkula handling the case moved by Enforcement Department (ED) against Hisar based investment company Future Maker Life Care Limited and its associate concern FMLC Global Marketing Private Limited cheated over 31 lakh investors deposited money with the company at Hisar and its branch office at Telegana. The firm attracted large number of investors with the help of a network of agents across the country to trap innocent investors in their net. A case was registered by ED against the directors of investment company Radhey Shyam and Bansi Lal under various sections of IPC of money laundering act allegedly cheated nearly 31 lakh depositors demanding attachment of all properties owned by the firm and its directors to recovered money worth Rs 261 crore. Police submitted charge sheet in the court.

Information reveals, the firm had assured investors to return deposited money two to three times in about two years under different schemes and were holding seminars all over in the country. Investigation also revealed that both the directors Radhey Shyam and Bansi Lal mastermind in the firm deposited money collected from depositors in their bank accounts of their family members and also invested in properties purchased a flat at Chandigarh, two properties at Delhi, agriculture land and deposited in bank account. According to ED information, all properties are being attached as per court orders..