A major investment scam has surfaced in Guwahati, Assam, involving a cooperative society accused of embezzling crores from investors, reports the Sentinel.
The scam has left many, including retirees and middle-income individuals, in financial distress. Lured by promises of high returns, victims grew suspicious when the society failed to deliver on its promises.
Reports suggest the total fraud could amount to several crores, though the exact figure remains unclear. The society’s office is closed, its officials untraceable, prompting an ongoing investigation and widespread protests from affected investors.