Alleged major fraud done by Muthoot finance in Kerala. Took money from customers promising to invest in Muthoot Finance NCDs and in turn invested in SREI Equipment NCDs. Now SREI is under liquidation and Muthoot is saying that the money invested is waiting RBI action and has completely given up on the investors. People were fooled under the pretense of investing in Muthoot Finance and was cheated. Lot of people, were cheated of their life time savings.
https://www.youtube.com/embed/b1xNqXSzmuY
Video is in Malayalam.
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