ibnlive » India

Nov 14, 2012 at 10:51am IST

Stock Guru scam: Police to approach Serious Fraud Investigation Office

New Delhi: A Rs 500 crore scam that left over 10,000 investors duped across seven states - the Delhi Police is now planning to approach the Enforcement Directorate and the Serious Fraud Investigation Office (SFIO) to get to the bottom of it.

However, people who invested in the firm claim that they were taken in by the promise of quick returns. After being duped, the investors formed a group on Facebook to highlight their plight. This also kept the momentum on the police to act faster.

A new ray of hope came this Diwali for the victims of Stock Guru. With the main accused behind bars, they are now hoping to get their money back. However, with only Rs 63 crore out of the Rs 500 crore having been recovered, the victims will only get a fraction of their invested amount.

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