Delhi investor fraud: Two FIRs registered at Chanakyapuri Police Station ANI | Updated: Mar 04, 2021 14:33 IST
New Delhi [India], March 4 (ANI): Two FIRs have been registered at the Chanakyapuri Police Station here against Rajesh Ambwani who allegedly allured investors to invest in the share market and committed fraud upon them by falsely claiming himself to be an IIT professor and alumni of Indian Institute of Technology, Delhi.
The victims of the fraud namely Gurmanak Sahni and Jagrit Sahni are businessmen residing in New Friends Colony in the national capital.
As per the FIR details given by Gurumanak, Rajesh Ambwani along with Saloni Singh, falsely induced him to open a trading account with M/s Edelweiss Broking Ltd. The accused then hatched a plan to misuse and cheat Gurumanak with the capital amount of Rs 25 lakhs deposited in the said trading account.
Pricey, yes, but Indian stocks not in bubble zone
Photo Mint
Share Via
Read Full Story
The contrast between the euphoric Indian equity market and anaemic underlying economic growth is getting sharper by the day. While profits of most firms have been severely impacted this year, stock market indexes are near all-time highs. In fact, with the BSE Sensex at record highs of 47,000, talk of profit-booking is now commonplace.
Indeed, this is also reflected in the increasing levels of redemptions from Indian mutual funds.
TRENDING STORIESSee All
2 min read
2 min read
. 27 Mar 2021
Bank FDs insured up to ₹5 lakh. Should I opt for bank that offers higher interest rates?