Kasaragod : The owner of a finance firm in Kasaragod and his three staff have been arrested in connection with an investment scheme which defrauded people to the tune of Rs 400 crores.
Arrested are : Vinod Kumar and three staff members of Global Business Group(GBG) that operated in Kandukuzhi area. The trio lured people into investing with the firm promising a retun of 80 percent in interest. A sum of Rs 80000 would be paid as interest in an year's time, over an investment of one lakh, the men would tell potential investors.
