SIMS chief sent to judicial custody

Published: 20th February 2013 10:44 AM  |   Last Updated: 20th February 2013 10:44 AM   |  A+A-

The chairman and managing director of Secured Investment Making Services (SIMS) India Private Limited, K Surendra Gupta was remanded to 14 days in judicial custody by the first additional metropolitan magistrate court here on Tuesday.

Three special police teams are investigating the multi-crore financial fraud wherein the company was said to have collected Rs 300 crore from 35,000 depositors besides purchasing lands.


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