Promising high returns on investments, EndMark Forex Services Pvt Ltd, a company operating out of here, has allegedly duped investors of crores of rupees.
Some of the investors have lodged an FIR at sector 58 Police Station today.
Complainant Ajay Kumar and other investors today reached the office of the company at The Corenthum at sector 62 and found the office locked.
The FIR was lodged under IPC section relating to cheating and forgery charges against the company Director Mayank Gupta and Dipanshu Anand. None of the company officials could be contacted for their reaction.
In the FIR, it was stated that the company promised daily return of 1 percent on the sum invested. Minimum sum to be invested was Rs.30,000 and there was no maximum limit.
The complainants initially invested small amounts. As they got returns on their investment as promised, they were lured to invest more.
When investors started investing huge money, the company closed their offices, the complainant said.
The total fraud could be to the tune of Rs.50 to 60 crores, said one of the investors to the police.
The police feel that the scam could be more than Rs. 200 crores. It was an online investment plan for Indians. At present, only a few investors from nearby investors have come to complain.
The company has given the 18-month post-dated cheques for the invested money and had promised weekly returns to be credited to their accounts.
The company had also given bank guarantees to investors.
Now, bankers say they were fake.
The company has offices in London, USA and Hong Kong.
Its office in India was in Noida.
The company website from January has announced another plan with 1.5 percent daily return.