Money adviser held for fraud

Chandigarh: The police have registered a cheating case against the money adviser of a company for a fraud worth Rs 10 lakh. According to the police, the crime was committed on the pretext of providing good returns on investment. In her complaint, Neera Sagar of Khanna alleged that Lalit Kumar of Krishna Nagar sought investment for the share market and assured that he would give 15-20% returns.
The complainant agreed to invest the same and issued two cheques amounting to Rs 5 lacs each. However, the victim claimed that the accused did not open any D-mat account and later refused to returned the money. TNN