NEFTIA Exposes Massive Fraud by Fake Trading Companies in Assam

The North East Financial Traders & Investors Association (NEFTIA) has raised concerns over the alarming rise of fraudulent trading companies in Assam, spotlighting one company, TRADING FX, for defrauding investors through low-cost apps. At a press conference at Gauhati Press Club, NEFTIA accused Naresh Singh Dahiya and Ranjit Kakati of swindling around Rs 4 crore from investors by promising high returns of 12% and 20%. The scam has affected numerous investors across upper Assam and extended to Arunachal Pradesh. NEFTIA revealed that these fake companies operate from regions like Delhi, Haryana, and Noida, and urged authorities to take swift action to protect investors from such schemes.