Future Maker MD arrested!!!

The Hyderabad Police have cracked down on a money circulation company headquartered in Haryana that is suspected to have amassed Rs 1,200 crore. The police seized five bank accounts of the company. All the accounts together have Rs 200 crore in cash.

In a statement police said that Radhe Shyam, the Chairman and Managing Director of Future Maker Life Care Global Marketing Pvt. Ltd and another key functionary, Surender Singh, have been arrested. The company executives had earlier worked in various companies. It was found that the company had an account in IndusInd bank which had a balance of Rs 14.78 crores; Bandhan Bank 20.47 crores, Axis bank 56.20 crores, 125 crores in HDFC, and Rs 20 crores in Canara Bank.

Futuremaker Lifecare company has operated allover India and opened franchises in several cities.One person has given complaint against the company in Hyderabad and telangana police has been arrested md and key person and will investigate further.
Posted On: Sep 08, 2018

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