Breaking News Crime Gujarat Headline News Top Stories

Ahmedabad: financial scam of Rs 5 crores from small investors under Suvarna Siddhi Scheme

Today in Ahmedabad, financial scam was done by Janardan Parulkar director of Maitri Group under Suvarna Siddhi scheme. Investors were lured by offering 11.55 % interest on deposits, gold schemes were announced for 3 months, 6  months and 1 year period. Maninagar police arrested Janardan of Maitri Plotters and Structures Pvt Ltd on transfer warrant.

He is booked under various charges in Maharashtra. Chairman of the company Varsha Satpalkar has gone underground. When cheques issued by company started returning entire scam was exposed. Janardan and Varsha are said to be brother and sister. Both of living lavish lifestyle.

To impress people and prove of homely relation with celebs, photos of Boney Kapoor,Sridevi, Lata Mangeshar,Maharashtra CM Devendra Fadanvis, Javed Akhtar and Suresh Prabhu were displayed. Maitri has many branches, out of which one branch is in Maninagar.