Imphal, July 7 (NNN): Acting on the instruction of chief judicial magistrate of Imphal West following a lawsuit by a duped investor, the local police station on Wednesday filed an FIR against twelve key players in the multi-crore money laundering scam involving bogus companies. An FIR No. 395 (7) 11 IPS u/s 406/417/420/120-B IPC has been filed against twelve individuals who are the agents and sub-agents of the networking business such as Visarev, Unipay 2U, Unigold, Unipay 2U international etc., said a police source.
The FIR has been registered with Imphal police station following a directive to that effect by Imphal West chief judicial magistrate instructing the OC of Imphal police station to submit a report after investigating the whereabouts of the twelve agents and sub-agents of UNI groups of companies whose offices have remained shut since December 2010 after decamping with over 38 crore rupees of the investors money.
The directive from the CJM came following a lawsuit filed by a 30-year old investor N Premananda of Serou Part I under Thoubal district, who was one among the thousand duped by bogus network marketing companies in Manipur. The Imphal police have started investigating into the case from today but no report of arrest or interrogation have been reported so far from the police.
They twelve persons have been charged with cheating and laundering under section 406, 417, 420, 120 (B) and 34 of the IPC. About 38 crore had been collected dishonestly from the public through bogus companies between July-December 2010. Suspiciously, the companies are all headquartered at Malaysia with branches in Bangalore. These companies have suddenly disappeared from December 2010 without clearing the dues of the investors which ran into crore.
Two months later about 3.27 crore were refunded by the companies but the remaining 34.62 crore due to the investors have not been returned. Among the twelve accused, while six are the main agents of the money laundering system another six are the sub-agents.
The FIR has been registered with Imphal police station following a directive to that effect by Imphal West chief judicial magistrate instructing the OC of Imphal police station to submit a report after investigating the whereabouts of the twelve agents and sub-agents of UNI groups of companies whose offices have remained shut since December 2010 after decamping with over 38 crore rupees of the investors money.
The directive from the CJM came following a lawsuit filed by a 30-year old investor N Premananda of Serou Part I under Thoubal district, who was one among the thousand duped by bogus network marketing companies in Manipur. The Imphal police have started investigating into the case from today but no report of arrest or interrogation have been reported so far from the police.
They twelve persons have been charged with cheating and laundering under section 406, 417, 420, 120 (B) and 34 of the IPC. About 38 crore had been collected dishonestly from the public through bogus companies between July-December 2010. Suspiciously, the companies are all headquartered at Malaysia with branches in Bangalore. These companies have suddenly disappeared from December 2010 without clearing the dues of the investors which ran into crore.
Two months later about 3.27 crore were refunded by the companies but the remaining 34.62 crore due to the investors have not been returned. Among the twelve accused, while six are the main agents of the money laundering system another six are the sub-agents.
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