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Mangalore: Two officials of Vruksha firm arrested for duping investors

  •   Sat, Sep 27 2014 09:12:21 AM

Daijiworld Media Network – Mangalore (RJP)

Mangalore, Sep 27: Police have arrested two persons for allegedly duping hundreds of investors by collecting money from them and not returning it as promised.

The arrested are Jeevraj Puranik from Sultan Battery and Roshan D’Souza from Kodikal.


Roshan D'Souza

The duo are said to be the directors of Vruksha Business Solutions on KS Rao Road. The third director of the company is absconding.

As per the complaint lodged at Bunder police station, the firm promised high interest rates to customers, but failed to pay back as promised. The agents too were left in the lurch. The total amount collected is believed to be in crores and hundreds of people are said to be affected.

On Friday September 26, the Bunder police managed to nab the accused from BC Road in Bantwal. The arrested have been remanded in judicial custody and further investigations are on.

The customers and agents of the firm had time and again protested demanding their money back, and each time they were given new assurances. They had even threatened mass suicide.
  

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Comment on this article

  • DEREK, ASHOKNAGAR

    Wed, Oct 01 2014

    Roshan, wanted to be a big man soon and very rich very soon...
    So, Guys..for everything there's a time..It will happen as per God's will..So, people don't get carried away with theses kind of fast money policies.. save money and invest on land/funds by yourselves.. don't depend on anyone for your financial needs.. It's not only Roshan's mistake but it's all the investor's greediness that led to all this..
    it's a lesson..

    DisAgree Agree Reply Report Abuse

  • Wilfy, Manglore

    Mon, Sep 29 2014

    Sad story! People forget after a while and get into bali ka bakra again. Sad thing is no one will get money in these fraud cases.

    DisAgree Agree Reply Report Abuse

  • Willy, Mangalore

    Sun, Sep 28 2014

    Put 100 questions before you give your money to investors. Safe, please keep your money in the bank as FIXED DEPOSIT. Please dont get carried away by anyone's talks, they will surely carry away your money for ever. So now dont worry, be happy. Gone is gone.

    DisAgree [1] Agree [4] Reply Report Abuse

  • born indian, mangalore

    Sat, Sep 27 2014

    Serioudly sad two arrested one persons photograph why ? Roshan was one time best photographer of mangalore many knows creative photographer yes indeed things went wrong when expectations nkt met I m sure he will come out soon with all the obstacles because has per my knowledge they have invested money on properties around mangalore. Blaming some one with out knowing the fact is not good . If I see today the proven verdict today and the fine imposed jaya lalitha issue sounds really small world

    DisAgree [2] Agree [9] Reply Report Abuse

  • Suleman Beary, Udupi

    Sat, Sep 27 2014

    Advertised as 'Vruksha'...beginning people thought 'Kalpa Vruksha' but the end result 'Feku tuska'

    DisAgree [2] Agree Reply Report Abuse

  • babu, mangalore-barke

    Sat, Sep 27 2014

    this guy is a big cheater most of the people know him. I am also waiting for him to catch him for different case.bang him once he is out of the jail.

    DisAgree [2] Agree [17] Reply Report Abuse

  • prem, moodbidri

    Sat, Sep 27 2014

    Tie both these FEKUs to a Vruksha & give them what they deserve...

    DisAgree [1] Agree [21] Reply Report Abuse

  • mariam, mangalore

    Sat, Sep 27 2014

    Every minute one sucker is born.

    Cheating has been happening in the past, happening in the present and will also happen in the future.

    No use blaming Roshan, or his accomnplices.... he must be having a good laugh...

    Our job is to keep our eyes and ears open and not get carried with the promises of mighty returns.

    But being born a sucker, we fall into the trap, just like that rat !! and then we cry fowl and want those who fooled to be punished. First and foremost, why get into this mess !!!

    no use crying now. you will never get your money back. its gone. not even Sharadha has given back and big money too... they will all be in jail for sometime but your money is gone forever.

    be careful for the future. but again, the sucker will fall into another trap.

    and so goes on history.

    DisAgree [2] Agree [18] Reply Report Abuse

  • Eric Coelho, Mangalore

    Sat, Sep 27 2014

    In Investments of high returns both parties are responsible to receiver and the giver. The receiver to earn easy money knowing he will pay higher rate of interest out of investors own money in 1st year and then loot and the giver to earn higher rate of interest without realising that the principal is 100% at stake. There have been several instances of these kind of frauds and still we believe in it, like we voters though knowing that the leader is not good, still we vote. It is not our eyes that is blind it is our thinking for greed, selfishness, arrogance and ego has made us blind.

    DisAgree Agree [25] Reply Report Abuse

  • Vikram Bhat, Mangalore

    Sat, Sep 27 2014

    Peoplw will fool you till you get fooled! All these years no person was able to run the show giving abnormal interest rates! All have vanished and people have lost money.But the sad fact is that still new crooks are rising and people are falling at their false promises!!

    DisAgree Agree [24] Reply Report Abuse

  • Suresh, Mangalore

    Sat, Sep 27 2014

    And do not believe in anyone singing in RAGA and promising the moon.

    DisAgree [1] Agree [13] Reply Report Abuse

  • S.F.H, Indian

    Sat, Sep 27 2014

    Athi aase gathi gedu!!!!

    DisAgree [1] Agree [23] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Sep 27 2014

    Only FEKU's promise High Returns ...

    DisAgree [16] Agree [31] Reply Report Abuse

  • Vicky D, Dubai

    Sat, Sep 27 2014

    Some people blindly trust people who show their teeth!
    That may be the reason all the Dental clinics are doing good business. Smile please...!!!

    DisAgree Agree [20] Reply Report Abuse

  • Jawar D'Sousa, M'Lore/Mumbai

    Sat, Sep 27 2014

    Sell all the belongings of these people and pay the people do not spare even the Kidneys.

    DisAgree [1] Agree [29] Reply Report Abuse

  • Valerian Dsouza, Udupi/Mumbai

    Sat, Sep 27 2014

    People should start doubting, whoever is promising un-realistic interest rates or profits are ONLY TRYING TO FOOL US.
    Peoples greed and craving for easy money and idle life is reason to believe such people.
    Famous quotes should always be remembered are:
    i. Don't fool anyone nor let anyone fool you.
    ii. Don't take undue advantage of anyone NOR let anyone take undue advantage of you.

    Many have taken inspiration from SOME of our bad politicians.

    DisAgree [3] Agree [21] Reply Report Abuse


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