Private firm director held for duping investors of Rs 200 crore

The director of a well-known private firm has been arrested for duping and cheating people of Rs 200 crore, police said here on Wednesday.

The arrest was made on a complaint filed by Gurugram resident Amit Kumar a few days ago.

In his complaint, filed at New Colony Police Station here, Kumar stated that Tribhuvan Parnami, the director of Parnami Group, had assured him of annual interest of 15-18 per cent on investing in his firm.

The complainant said that going by the assurance, he invested Rs 30 lakh in the group, but the firm did not pay him any interest and also declined to return his money.

"On investigation, it was established that the accused duped people of around Rs 200 crore on the promise of handsome returns against their investments," police officer Ravinder Kumar said.

"Parnami was arrested from his house in New Colony area. He has been taken on police remand and his interrogation is going on," the police officer added.

--IANS

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