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Phulbari man loses over Rs. 1.7 lakh in ponzi style scam

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Tura, July 10: A man who wanted to get rich quick and the easy way found that the truth can be a lot harder when he got ripped off his savings worth over Rs. 1.7 lakh.

The victim, Sofior Rahman belonging to Nayagaon village of Old Bhaitbari, in the Phulbari plain belt of West Garo Hills, was convinced by a fraudster, Abu Sayed Akond of New Bhaitbari, to invest a considerable amount of cash in a company that promised to provide a quick cash return.

The victim paid the fraudster the amount of Rs. 1,71,600 on the assurance of getting a monthly return of Rs.25,000.

Though the investment was done in August of last year, yet, no returns came through even till now and the fraudster began avoiding the victim when he asked for the return of his investment.

He also came to know, much later, that several other people had also been duped by the accused in the same way of taking huge amounts of cash with guarantees of regular cash back through interests generated from the investments.

With his investment returns not coming through after more than 10 months and failing to even get back his hard earned savings, Rahman approached the police and filed an FIR with West Garo Hills police, this week.

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