Investors protest over life savings schemes
Hundreds of investors on Monday protested over life saving scheme after finding the office of an investment firm locked in Navi Mumbai amid allegations of a scam, police said.
Many investors claimed they had invested their life savings in the company’s schemes which promised them substantial returns over a decade.
Protests erupted when several investors found the company’s offices in Dadar, Mumbai, and Bhayandar in Thane district locked. A showroom of the firm in Mira Bhayandar area was also found shut since morning.
Navi MumbaiPolice personnel reached the spot and dispersed the crowd.
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