MD of company held in cheating scam
The Hindu
The managing director had promised an insurance agent a fake deal with an IT multinational for a commission
The cyber crime police on Monday arrested the managing director of a financial solutions firm for allegedly cheating an insurance agent by guaranteeing him a deal with a leading IT firm for a commission of ₹14 lakh.
The accused, Nischith C.S., who ran Stake Management Solutions Pvt. Ltd.(e-Profitsure), hired call centre employees to convince people to do business with his firm, said the police.
Employees were instructed to offer different business solutions ranging from real estate to insurance cover depending on the profile of a potential client.
A crowd comprising farmers, researchers, professors, students, and horticulture enthusiasts thronged the ICAR-Indian Institute of Horticultural Research (IIHR), Hesaraghatta, Bengaluru, on Friday for the inaugural ceremony of the Triphal Diversity Show which showcased 300 mango, 100 jackfruit, and 100 banana genotypes in collaboration with ICAR-National Research Centre for Banana, Tiruchirappalli.
The State government on Friday constituted a Special Investigation Team (SIT), headed by Additional Director-General of Police, Manish Kharbikar of the Economic Offences division of the Criminal Investigation Department (CID) to probe the alleged multi-crore scam in the government-run Maharshi Valmiki Scheduled Tribes Development Corporation.