UP govt to crack down on phony investment firms, starts training police

Initiates special workshops for cops on dealing with financial crimes, launches investor awareness programmes

The Uttar Pradesh government is gearing up to crack down upon fraud investment firms, which dupe gullible investors of their hard earned money in the name of lucrative financial and returns schemes.

UP chief secretary Anu Chandra Pandey has directed officials to launch a drive against such phony companies operating in the state.

The state government will also undertake an extensive investor awareness campaign through various mass mediums to protect the public at large against fraudulent financial schemes and unauthorised deposit of money by such sham companies.

Chairing the 7th State Level Coordination Committee (SLCC) meeting of Reserve Bank of India (RBI) here