AP Lokayukta directs CID to file report on finance companies

Image
Press Trust of India Hyderabad
Last Updated : Jun 12 2013 | 10:10 PM IST
Andhra Pradesh Lokayukta today directed police to file a report on cases pertaining to private financiers and finance companies cheating investors.
Justice B Subhashan Reddy gave these directions after taking up the matter suo motu based on media reports that one private financier S Kiran of Mahabubnagar has duped several persons to the tune of Rs 1 crore.
The Additional Director General of Police CID, who is in charge of these cases, has been directed to file a report by August 28 on statistics about cases reported by victims, action taken by the CID, cases pending in courts and reasons for the delay in disposal of such cases, the Lokayukta said.
The media report also mentioned a Visakhapatnam-based finance company duping investors recently.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 12 2013 | 10:10 PM IST

Next Story