ED arrests CMD of BRD group for duping investors by promising 18% return
ED arrests CMD of BRD group for duping investors by promising 18% return
William Verghese is being probed by the ED on charges that he persuaded people to invest money in various companies of the BRD Group by promising them 18 per cent returns per annum.
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The Enforcement Directorate (ED) has arrested the Chief Managing Director of Kerala-based BRD Group, CC William Verghese from Trissur district. William Verghese was produced before a special court in Ernakulam which sent him to ED s custody for seven days.
Verghese is being investigated by the financial probe agency on charges that he persuaded people to invest money in various companies of the BRD Group by promising them 18 per cent returns per annum. These companies include BRD Finance Limited, BRD Securities Limited and BRD Motors Limited.