Visakapatnam:Another company which has collected huge deposits without any permissions from SEBI is ready to close now??Several depositors raise doubts on the company.
A dharna was organised by the district council of the CPI at the Collectorate demanding the arrest of the managing director of Bommarillu Farms and Villas Raja Rao for what it alleged was cheating of depositors by his firm. The company collected deposits from members for purchase of plots in their layouts. One of its agents collected deposits from 30 contract workers, who were employed at the King George Hospital (KGH).
SEBI also will look in to this matter.Company has been collected crores from the depositors.Now company maturity cheques has been bounced.Depositors seek jutice and want their money back.But govt can take any steps to protect depositors??