A multi-level marketing company, Avanee Trade Link Private Ltd allegedly duped its investors by offering high returns under the Jyoti Nagar Police station area on Tuesday.
A police official said that the police have received the complaints against the company's directors Kunal Ghai, Sammi Ghai and its officials Naveen,Vishnu and Dr Soni from four investors, Babu Lal, Radhe Shyam, Khayali Ram and Mohar Singh, that the company offered them high returns.
Later on, they did not give them the returns they had promised, the foursome alleged in their complaint.
As per the complaint, the accused offered the investors an interest of Rs 523 per month on an investment of Rs 5,000 and promised to pay Rs 4.44 lakh within 11 months if a sum of Rs 1 lakh is invested by them.
The complaint said due to tempting offers, the investors invested a certain amount, but the accused neither returned the principal amount nor paid the interest on the money invested.
The police official said the directors of the company have been arrested on the complaint of the investors and interrogation is underway.
The office of the accused has been raided and computers have been seized. Further investigations are on, he added.
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