Mail News Service
Jamshedpur, Feb 1: Jharkhand High Court rejected the anticipatory bail petition of Chandrabhushan Singh, director of Maxizone Touch Private Limited, and his wife Priyanka Singh, in an alleged scam worth several crores.
The court of Justice Pradip Kumar Srivastava heard the anticipatory bail petition. An FIR was lodged against the couple at Sakchi police station. Around 10,000 investors from the city are reportedly affected by the scam. They had invested their hard-earned money in the company after allegedly being lured by the accused persons. Chandrabhushan Singh is also the MD of the company which allegedly promised to give 15 to 18 per cent profit to investors every month. But after two years of investment, the investors stopped getting their money.