Against Paramount Marketing Corporation
MADURAI: The number of petitions against Paramount Marketing Corporation has gone up over 2,500 till Saturday.
The City Crime Branch on Thursday had arrested the private financial company's executive director, Sheik Mohideen.
The complaint against the company is that it had not paid the promised returns to the investors who were lured by “high profits.”
The CCB had locked the office and it is not functioning since the arrest of Mohideen. Other accused in the case including Mohideen's wife and two sons, were absconding, CCB Inspector V. Nethaji said.