Bengaluru: The sleuths in the Criminal Investigation Department (CID) probing the financial frauds in the State over the last decade, have found that many people, who have lost money, are yet to approach the Police and help in the investigations.
CID ADGP Pratap Reddy on Saturday told media persons that it has filed 422 cases against 10 firms over the last 3 years. The firms are accused of cheating nearly 18 lakh investors, who had invested Rs. 3,273 crore in those projects. So far, over 100 people, including those working in the companies and their promoters, have been arrested and sent to Judicial custody. Most of the customers were allegedly duped of plots in their projects Reddy said.
