Ponzi Scheme: Policeman and an Official Lotus Fund Arrested
10 years, 12 months ago - May 07, 2013
The Central Criminal Investigation Department (CCID) has not finished his work sweep suspects agents of the various financial pyramids that have operated with impunity for years. Three new arrests were reported Monday, including a policeman.
Pravinduth Beechlall, assigned to the police station in Vacoas, was arrested Monday, May 6, as part of Sunkai case, the company Bhimla Ramloll suspected of having set up a Ponzi scheme disguised as investment. The constable, a suspected agent Sunkai, was questioned by the CCID.
In addition, an investigation was opened into the Lotus Fund resulting in the arrest of Raj Kessewnath, which is one of the leaders of the background. This company is under banned by the Financial Services Commission (FSC), which has appointed an administrator to protect the interests of customers who have placed more than Rs 100 million in the company.
On the list of the series of suspicious companies now adds Ring See Investment Ltd, one of the leaders in this case Sheriff Nanuck is under arrest since Monday afternoon.
