Investors of the Pearl Group staged a protest against the company on Tuesday here.
"I have deposited one crore rupees in the company (Pearls Group) and now they are saying they won't return my money to me," said Krishna Dutt, a protestor.
"Nirmal Singh Bandhu and his Pearls Group have been lingering on the issue of returning the money since 2011,"claimed Dutt.
Sources said the company had earlier been booked for running a gaint ponzi scheme that defrauded gullible investors to the tune of Rs 47,000 crores.