By Violet Pereira, Team Mangalorean

Mangalore :  Yet another bizzare story of a ' Bizarre Company ' involving a scam in the name of a scheme of duping the public with rosy assurances of multiple returns for investment of money came to light at the City Light building, Hampankatta here on June 12.

Following complaints from some people who had reportedly invested their hard-earned savings in one time investment trading racket run by a Keralite under the name and style of Bizarre group of companies. 

This has come to light close on the heels of the fraud committed by Bizarre group of company  which was closed down in Kerala by the government. The company under the banner of "Bizarre Karnataka Franchise, from past 3 years had been collecting Rs 14,000 from the public assuring them returns in lumpsum money after 2 years.

A large number of gullible public, attracted by the lure of quick bucks, seem to have put in their money into the scheme. As of now, the preliminary investigations have proved that about more than 500 people including women  have been duped.
DYFI president Imtiaz speaking to mangalorean.com said, "Three years ago Bizarre company had collected a sum of Rs 14,000 by assuring return of Rs 2 lakhs in 24 months. From past one year investors were asking for their invested amount. But the employees at Bizarre were assuring them of returning the money after a while. 

This drama went on and today when we came here to inquire about the money they said, "The owner of this company is in jail and the head office in Kerala has been seized by the government. BJP leader Chandrashekar Uchil and MLA U T Khader from Congress are the partners for the Mangalore branch and we have to call them".  We have contacted Chandrashekar Uchil on phone, and Uchil assured to come to the office within 5 minutes, but until now hasn't showed up. For us protesting was the only solution, so 30 members of DYFI staged a protest inside the office".
Sunil Kumar Bajal speaking to mangalorean.com said that the people who have invested in this company have lost their money. When money matter comes the political leaders don't see the party, they are one and the DYFI demands that MLA U T Khader and Chandrashekar Uchil come to the office and return the money to the investors.
 
DCP Subhashchandra S along with Bunder Police station Inspector Gaonker reached the spot. They met the agent of the company Dinesh and enquired about the issue. Dinesh B V Gatty said, "Our boss is in Kerala and the money which is invested by the investors will be returned in 2013 according to the NSC. In between due to some problems in the head office caused this delay in paying back the money to the investors.  Total amount of Rs 28 crores is deposited in the bank and we will return all the investors money", he assured.
 
Later Subhashchandra met the protesters and informed that the agent has agreed to return the money soon. He urged the protesters to leave the office.
 
The police have locked the office and taken the documents into custody along with the employees.  The managing director is absconding and not responding to the telephone calls of the employees.