The police on Monday raided Secured Investment Making Services (SIMS) offices located at various places in the district and seized computer hard disks and several documents.
Three directors have been taken into custody and are being interrogated. Meanwhile, a large number of victims of SIMS on Monday staged a dharna at SIMS Office.
It is learnt that CMD of SIMS K Surendra Gupta has told the police that the company has assets worth Rs 250 cr and it will honour its commitment to all of its investors.
“The company managing director has told the police that he will sell his properties to clear the dues,” a senior police officer told Express.
A massive exercise has been launched to trace the money of SIMS investors. Search parties are on the job to identify the relatives and family members of the directors of SIMS.
According to sources, some victims are not coming forward to lodge complaints as they have invested black money. Surprisingly, four police officers also invested money in SIMS.
“Even as the issue has been highlighted in the media, the responsible agencies like Income Tax and other wings have not approached us to seek details of the case,’’ an officer investigating the case said.