New Delhi: An investment company in the capital has fled after allegedly duping the people of their hard earned money by promising them attractive returns in lieu of investments.

The company ‘PRD India Limited’ was functioning from West Patel Nagar since a long time and had launched different investment plans for small and big investors.

The company had promised to give 6 grams of gold along with 10 percent of the amount deposited every month for life on an investment of Rs 25,000.Impressed by the promise of making big profits, a large number of people invested lakhs of rupees into the company.  The investors received the interest for a few months but the returns stopped coming later. When the people reached the company’s office to enquire about the discontinued returns, the company had fled.

A case was filed in the Patel Nagar police station and the police is now investigating the case.

According to the police, the company was functioning from West Patel Nagar and had its branches all over the country. The company directors allegedly lured the people by promising huge profits on minimal investments. They assured people that their money will be invested in gold, real estate and stock market. In exchange of this, 6 grams of gold and 10 percent of the invested amount will be sent in the bank accounts of the investors.

Gaziabad resident Subhash Chandra Sharma told the police that he had invested Rs 25,000 in the company but did not receive the returns after a month.

When he tried to contact the company coordinator Rajesh Gupta and BL Verma, the phone lines were closed. On reaching the company office, it was found that the company had fled. Hundreds of people had invested in the company who have now lost their earnings.

Acting on the complaint of aggrieved people, the Economic Offences Wing (EoW) of the Delhi police. have registered a case.

According to the police, the investigations are going on and some clues have been found which will soon be followed by arrests.