The directors of KAP Global are accused of duping investors — reportedly including a deputy commissioner of police (DCP) and two others — of a total of ₹95 lakh. The scam involved promises of high returns under a purported investment scheme, but the company failed to repay the amounts. As a result, Lucknow police have registered at least three FIRs against KAP Global and its directors.
How the Fraud Allegedly Happened
According to police and victim accounts, KAP Global had offered investors attractive returns under the guise of share-trading or investment plans. Investors were persuaded to invest amounts with assurances of profit within a defined time frame. However, after investment, repayments never came, and the company defaulted.
Extent of Complaints & Other Cases
The ₹95 lakh case is among several complaints against KAP Global. Reports indicate that other investors have alleged even larger frauds worth several crores.
Implications for Investors and Governance
- The case underscores risks in unregulated investment schemes offering unrealistic returns.
- It highlights the need for due diligence before investing.
- Authorities must strengthen surveillance of dubious firms to prevent future frauds.
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