Thursday, August 11, 2022
Tamil NaduInternational Financial Services IFS Chennai 40 locations Economic Office Crime Branch Raid...

International Financial Services IFS Chennai 40 locations Economic Office Crime Branch Raid will Investors get money?

The Madras High Court directed the police to register an FIR at the earliest and start an investigation. Following this order, the Economic Offence Wing conducted raids on today at various places belonging to the company.

Chennai: IFS Vellore Scam : Economic Offence Wings Department has done raid on 40 places at Vellore, Chennai Based International Financial Services Ltd IFS company. However the investors of IFS Chennai, Vellore, India Many places people’s are afraid about will they get money back refund or not?

The International Financial Services Company, which has scammed hundreds of crores of rupees across Tamil Nadu by promising to get income of Rs.10,000 to Rs.30,000 per month on investment of one lakh, is currently under investigation. The Economic Crime Branch is conducting raids in many places in Tamil Nadu.

Vellore-based International Financial Services (IFS) raised hundreds of crores from people by investing in stock market trading and promising high monthly returns. They cheated by giving money for few months and then not giving money.

After that, many victims also lodged a complaint with the police department. While no action has been taken in the police department on these complaints, Karthik from Chennai has filed a case in the Madras High Court.

The judge heard the case and directed the police to register an FIR against the company and start investigation. Following this order, the Economic Crime Branch has started conducting raids at various locations belonging to IFS.

Read Also | Vellore MARC Stock Market Company 6000 Crore Scam? High Court orders further investigation

It is expected that many facts will come out after the investigation and Lakshmi Narayanan, Veda Narayanan brothers, Janardhanan and others involved in this fraud case will soon be brought under investigation.

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Updated on August 11, 2022 3:04 pm