Whitedot Case: Rs 375 Million to Date

These figures need to be updated this week with new complaints and seized expected. "The bank has set up a dedicated helpline to receive victims who feel they have been cheated. To date, we have received complaints from some 800 people and recorded more than 250 phone calls, "said the regulator in a statement posted on its website.

Since the revelation of the affair Whitedot (a pyramid investment that has attracted thousands of customers), six people were arrested in connection with four Whitedot Intl Consultancy Ltd, and two of the company Sunkai, suspected to also function on the same model.

The BoM has announced that it will meet with bank management "to determine whether the banking system has been used in this case." For its part, the police believe the seized assets, including cars, cash and bank checks to Rs 100 million.