Himachal News : QFX Trade Limited 210 Crore Rupee Share Market Fraud Two Accused Arrested
A case of embezzlement of Rs 210 crore in the name of investing money in the stock market has come to light in Mandi district of Himachal Pradesh, in which two accused have been arrested by the Mandi District Police Administration.QFX company is claiming that it conducts share market trading activities.QFX company is also claiming that whoever invests their money in their company, the company also provides them a copy of the agreement by writing it on stamp paper.
Himachal News : QFX Trade Limited 210 Crore Rupee Share Market Fraud Two Accused Arrested
Diary Times Media Network, Mandi
Highlights
Mandi-A case of embezzlement of Rs 210 crore in the name of investing money in the stock market has come to light in Mandi district of Himachal Pradesh, in which two accused have been arrested by the Mandi District Police Administration.
QFX company is claiming that it conducts share market trading activities.
QFX company is also claiming that whoever invests their money in their company, the company also provides them a copy of the agreement by writing it on stamp paper.
Mandi District Senior Superintendent of Police Soumya Sambasivan raised the matter of cheating in Diary Times press conference –
Another biggest case of fraud of Rs 210 crore has been registered by QFX Company in Mandi district of Himachal Pradesh in the name of investing money in the stock market.
Taking this matter seriously, Mandi District Police Administration has taken two accused of QFX Company into police custody and started the action process.
The team of Special Cell of Mandi Police under Himachal Pradesh Police has caught an absconding accused while fleeing abroad from New Delhi and sent him to the judicial custody of Himachal Pradesh High Court.
Both the accused were planning to flee to Saudi Arabia via Dubai after committing a total fraud of Rs 210 crore.
Both the accused are said to be from QFX Trade Company. On the other hand, QFX Trade Company has its network spread across all the important cities of India including Himachal Pradesh, Punjab, Goa, Gujarat and Chandigarh.
Mandi District Police Administration has started the process of arresting all the accused by sealing the offices of Nagchala and Zirakpur in Mandi district of Himachal Pradesh.
Both the arrested accused have been identified by the Mandi district police administration as residents of Delhi and Ambala.
Himachal Pradesh Police Special Investigation Team (SIT) has arrested both the accused and is interrogating the entire case one by one.
Also, complete data has been collected by freezing more than one and a half dozen accounts and IDs from Nagchala and Zirakpur offices of QFX Trade Company located in Mandi district.
Only Rs 30 lakh has been seized from the frozen accounts of investors from Nagchala and Zirakpur offices of Mandi district.
It is also coming to light that QFX company had made people from Mandi district and surrounding areas of Himachal Pradesh invest their money in the name of providing high returns in the stock market.
Both the arrested accused have been continuously investing people’s money in QFX Trade Company.
Later, due to not giving much return, Mandi District Police Administration became aware of the entire matter.
On the other hand, Mandi District Senior Superintendent of Police Soumya Sambashivan, while addressing the Diary Times press conference, said that in the name of making investment, two accused have been arrested and sent to the judicial custody of Himachal Pradesh High Court.
It has also been revealed that QFX Trading Company is also claiming that it provides trading in the stock market and whoever invests his money in the stock market for trading, QFX Trading Company will give that person a certificate on stamp paper. QFX Trading Company Also provides a copy of trading investment via stamps.
Also QFX Trading Company has been providing postpaid checks for years to win the trust of all its investors.
On the other hand, it is also known that QFX Trading Company has been doing good work by winning the trust of investors continuously for the last two years.
In the name of getting more investments in Mandi district of Himachal Pradesh, QFX Trading Company is already providing postpaid checks to the investors and is also making all types of family trips and foreign tours to its investors.
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