ED has taken major action against Peers India Corporation Limited, a company embezzling investors’ hard-earned money. The investigating agency has seized the properties worth Rs 4.79 crore of the company’s director Alok Tripathi. ED on Thursday seized land worth Rs 1.02 crore located in Moradabad, Badaun, Chittorgarh of Rajasthan and Mehsana of Gujarat along with the amount of Rs 3.77 crore deposited in the bank of the company and its director Alok Tripathi. It is alleged that the company has not been able to return investor’s money worth Rs 25 crores. Instead of returning the money, the company bought properties in multiple states.
Further details will be updated.
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