Wanted to double their money in four years, but lost life savings

Finance firm Jeevan Prabha Nidhi Ltd duped over 500 people

Wanted to double their money in four years, but lost life savings

BJP councillor Varesh Mintu with victims of the financial fraud.

Tribune News Service

Jalandhar, December 8

Hundreds of low income group residents of Tilak Nagar, Dashmesh Nagar, Uday Nagar and other localities of the city, who had invested with a local finance company, have alleged that they have been duped of all their life savings. Unable to trace any of the three directors of the company, Jeevan Prabha Nidhi Ltd, for the past few weeks, they have finally lodged a complaint against them with the Jalandhar Police Commissioner.

Led by BJP councillor Varesh Mintu, the victims said 500-700 people had invested in the company after an assurance that their money would be doubled in four years. He said most of the victims were domestic maids who had invested their hard earned savings with a hope of good returns. Revealing details, he said the company based at Iqbal Plaza in Adda Basti Sheikh was owned by three directors, including two women – one from Preet Nagar on Ladowali road and another from Mohalla Manjit Nagar of Basti Sheikh, and a man from Basti Sheikh.

Mintu said the victims had been trying calling on their phone numbers, too, but these were lying switched off. “We went to their places and found them missing. Their relatives at home said they had no clue as to where the directors had gone. So, we finally lodged the complaint with the police,” he said adding that they had been told that an FIR would be lodged after a preliminary investigation into the matter.

Sudesh Rani, Usha Rani, Anima Gujjar, Sarabjit Kaur, Saroj Rani, Anita Rani, Harjinder Kumar, Rajni Bala, Balbir Kumar, Rahul, Gaurav Singh and Kamaljit Kaur said they all had deposited thousands of rupees in the ‘bank’ as the staff had approached them with offers of lucrative returns.

Tribune Shorts


Top Stories

Mortal remains of 2 Indians killed in Abu Dhabi drone attack to reach Punjab on FRiday: India's UAE envoy

Mortal remains of 2 Indians killed in Abu Dhabi drone attack to reach Punjab on Friday: India's UAE envoy

On January 17, two Indians and a Pakistani national were kil...

India records 3.47 lakh new Covid cases, 703 more deaths

India records 3.47 lakh new Covid cases, 703 more deaths

Active Covid cases highest in 8 months

Battle for UP: AAP gives 4th guarantee to farmers

AAP gives 4th guarantee to farmers ahead of UP polls

The party will hold its first virtual rally on Friday, addre...

In Qadian, a house divided by polls

In Qadian, a house divided by Punjab polls

Congress's Partap Bajwa is contesting againt his younger sib...

Himachal to go in for more ropeways, says CM Thakur

Himachal to go in for more ropeways, says CM Thakur

The state had proposed to the Centre a ropeway scheme funded...

Cities

View All