The MIDC police on Wednesday busted a domestic call centre which traded in foreign exchange without permission from the RBI or SEBI. The police have arrested the manager of the call centre and have issued notices to seven employees at the call centre. Investigations are on.
According to the police, the call centre — which operated under the name of Alpari dot com — contacted customers across the country and asked them to invest a particular amount in US dollars. They promised them good returns on their investment. However, the investors did not get the promised returns and when they called the call centre asking for a refund, the firm did not return the money.
“They provided the investor a particular software which had the records of investments but unlike authentic forex trading companies, the software would only open through the links provided by the call centre and not through search engines,” said a police officer.
The police said the call centre had been operating for over a year on Suren Road, Andheri East. The MIDC Police station received credible information about the centre. The information was verified and the place was raided. Cops arrested the manager Anup Ram. Six men and one woman were also found to be employed at the office. They also seized eight laptops, 12 mobile phones, several documents and Rs 4 lakh in cash.
“They did not have any authorised documents or licence to run forex trading business. In spite of that they induced people to invest money in forex trading, assuring them to get benefits. A case under relevant sections of the IPC and IT act was registered. The accused was produced before a court on Wednesday and he was remanded to police custody till January 25,” the official added.