Unique Mercantile Company cheats investors of ₹3.55 crore

It has been revealed that Unique Mercantile Company, operating in the Udhna area of Surat, has carried out a major fraud of ₹3.55 crore involving ordinary citizens and investors. The victimised investors have officially filed a complaint with the Surat Crime Branch against a total of 8 individuals, including the directors of the company.

According to a report by Sandesh, the operators of Unique Mercantile Company presented various lucrative schemes to attract investors. The company had promised investors high monthly returns ranging from 5 to 10 per cent. Additionally, a major lure was offered to double the invested amount within a short period of only 6 years. To further attract customers alongside financial gains, tempting offers of foreign trips were also made.

Falling into this trap, many innocent citizens and elderly persons invested their entire life savings into this company. However, over time, all the promises and schemes provided by the company proved to be hollow. The investors received neither the promised returns nor was their principal amount returned.

It has emerged that a total fraud of ₹3.55 crore was committed against several people, including senior citizens. The victims gathered and submitted a written complaint regarding this matter. Considering the seriousness of the case, the further intensive investigation of the entire matter has now been handed over to the Surat Economic Offences Wing (EOW).