Economic Offences Wing to probe Rs 8000 crore timeshare holiday firm scam

Sakal Times
Tuesday, 19 December 2017

Pune: After thousands of investors marched to the Pune police commissioner’s office on Tuesday, the city police have decided to transfer the probe to the Crime Branch's economic offences wing (EOW). 

Over 50,000 people from Pune region had invested money over Rs 100 crores in Mumbai based Citrus Check Inns Ltd (CCIL) and Royal Twinkle Star Club (RTSCL), which had promised lucrative returns. 

On Tuesday, Joint Commissioner of Police Ravindra Kadam directed the EOW to investigate the matter. 

Pune: After thousands of investors marched to the Pune police commissioner’s office on Tuesday, the city police have decided to transfer the probe to the Crime Branch's economic offences wing (EOW). 

Over 50,000 people from Pune region had invested money over Rs 100 crores in Mumbai based Citrus Check Inns Ltd (CCIL) and Royal Twinkle Star Club (RTSCL), which had promised lucrative returns. 

On Tuesday, Joint Commissioner of Police Ravindra Kadam directed the EOW to investigate the matter. 

Thousands of investors under the banner of Royal Twinkle-Citrus Investors Forum had also carried out a morcha to the Divisional Commissioner’s Office demanding strict action against the fraudsters.

The forum members submitted a list of company directors to the police comprising Group Chairman and Managing Director Omprakash Basantlal Goenka, directors - Prakash Ganpat Uttekar, Venkatraman Natrajan, Narayan Shivram Kotnis, President (Finance) Umesh Vartak and others.  
 

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