Summary:
According to the police, the firm had collected Rs. of the CCB said that the firm — Smartway India Enterprises — had collected Rs. “Further inquiries revealed that the company had not taken permission from either RBI or SEBI,” said the CCB in its complaint. “The company’s managers conducted a series of business meetings in the last six months and collected money from 2.5 lakh customers,” Yathiraj said. In March, the directors of Vikram Investment — a finance company — were arrested for allegedly duping over 500 investors of Rs..