News Karnataka
Wednesday, November 30 2022

After Ambidant, another scam surfaces in Bengaluru

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Bengaluru: Even before the CCB police can complete their investigation into the Ambidant scam, another scam has rocked the city. Around 4,000 customers, mostly Muslims, held a protest in front of the CCB’s office in Chamarajpet demanding an investigation into the Azmeera scam in which they lost around Rs 50 crores.

Reportedly, around 100 agitators, including senior citizens and Muslims, held a protest and submitted a memorandum to additional commissioner (CCB) Alok Kumar in this regard.

In their complaint, the customers alleged that the Azmeera group collected money from them with the assurance that they would give them an interest of 12% on a four-month deposit. Thousands of poor and middle-class families invested money. But now, the owners are absconding.

According to the police, the company promoters were arrested in April itself, but are presently out on bail.

Meanwhile, CCB additional commissioner Alok Kumar urged the people not to invest in financial institutions not recognised by the RBI. “All these are non recognised companies. Investors must be careful,” he stated.

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Bhavana S

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