Stock Guru in Rs 500 cr investment fraud

Agencies : New Delhi, Tue Nov 13 2012, 10:25 hrs

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After collecting fees and documents, the couple fled and came to Delhi to establish Stock Guru India, the Jt CP said, adding that police is now trying to trace the other co-accused.

One of the fraud victims, Ankur Sachdeva, a resident of Karol Bagh, said he had invested Rs 12 lakh in Stock Guru India and the couple had earlier kept their promises of providing good returns.

"But then, they said they were closing this business as they were unable to provide them high returns...they ran away with all the money," Sachdev told reporters.

He said the couple used to rope in celebrities and host programmes in farm houses for the investors.

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