Non-banking financial company offices sealed for Rs 4 crore fraud

Berhampur: Police on Monday sealed two offices of Green India Private Limited (GIPL), a non-banking financial company (NBFC), in Dharma Nagar here, for allegedly cheating investors of Rs 4 crore.
Police also seized several documents from the offices. "The amount might be higher because several investors have also been duped by the firms," said IIC of town police station Anil Kumar Mishra.
The private company was into money circulation business with the help of subsidiaries, police said.
Police had registered case against branch manager Jitendra Mishra.
Earlier, police arrested eight employees of different NBFCs in the town last year. The firms are Gujarat-based Astha International and AT Group.