Investors warned of ponzi goat rearing scheme

JAMMU-According to an official communiqué of Director, Sheep Husbandry Department a company claiming to have large goat rearing farms in Northern parts of the country, is promising hefty returns on investments for rearing goats to attract investors.  The said company had solicited investments from the public with promise 2 percent monthly returns and doubling of money in three to four years.  

This is suspected to be a typical ponzi scheme in the name of goat rearing to cheat the people and Securities and Exchange Boards of India (SEBI) has begun an enquiry into the matter.

The people are, as such are cautioned not to invest in such a scheme.

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