Investors were also encouraged to buy moissanite stones and gold/silver jewelry through cash, claimed the charge sheet, filed before a local court a few days ago

The charge sheet also states that investors were also encouraged to buy moissanite stones and gold/silver jewelry through cash

The company also offered expensive gifts such as flats, cars, mobile phones and television sets to entice customers

The charge sheet stated that a two per cent higher return rate was offered on cash investments to enable the misappropriation of funds, while online payments were deliberately avoided under excuses like slow internet or network issues

The city’s Economic Offences Wing has arrested seven individuals in connection with the case so far