Yellow metal prices retraced from earlier gains following the release of the US April employment report
"The police are doing their job and by now the various bank accounts of the owners have been freezed and information has been given to ensure that they are not allowed to travel abroad. Till the complaints started to come in, this was a credible financial institution," said Kumar.
Pathanamthitta Lok Sabha member Anto Antony said he has been besieged with anxious investors who have been calling him ever since the news surfaced.
"I have asked the SP of police to ensure that all the steps are taken to see that investors get justice," said Antony.
An investor said, "three months back, on finding that the quarterly interest was not credited, I went to the company and they said it would be done and now the news comes that their offices are closed."
However Thomas Daniel in a press release said "that this is a temporary phase of business getting affected due to Covid" and they will honour all their commitments and for that they need time of about nine months.
"We have not gone missing, but given the present situation, we are just staying away and we will return," said Daniel.
Yellow metal prices retraced from earlier gains following the release of the US April employment report
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