Rajkot investors allege crores lost in Reset Investment fraud

Rajkot: A group of around 70 people visited the office of the Police Commissioner of Rajkot today and claimed cheating worth crores of rupees by one Sanjay Mangroliya, who runs a company named Reset Investment.

The people told media persons that they had invested crores of rupees in the Reset Investment firm and the company was giving five percent interest on deposits regularly. The interest amount would be added to the bank accounts of depositors in the first week of every month, but for the last few months, the company has stopped giving interest and phone calls of depositors are not being answered. The company has also stopped operating its mobile application.

The depositors further said that the company claimed it was investing in oil mills and other businesses and earning well enough to offer a five percent interest rate. However, the way the company has stopped giving interest and responding to depositors, it appears the whole operation functioning over the last eight years was actually a scam. DeshGujarat