Inventure Growth and Securities Files Criminal Complaint Over Corporate Identity Theft
Inventure Growth and Securities Limited has reported a serious case of corporate identity theft, forgery, and criminal conspiracy targeting its name and reputation. The company filed a formal written criminal complaint with law enforcement authorities regarding unauthorized third parties that are allegedly exploiting the firm's long-standing market presence to solicit investments from retail clientele.The legal action was initiated after identifying fraudulent activities conducted by unknown individuals who are impersonating the company. These perpetrators are accused of illicitly cloning the name, trade name, and goodwill of Inventure Growth and Securities Limited to mislead the public.
Modus Operandi Details
The fraud involves a deceptive proprietary entity that has established operations using a bank account bearing a misleadingly similar name. To bypass commercial checks, this fraudulent concern intentionally omitted the statutory word "Limited" from its name while operating under the designation of "Inventure Growth and Securities."The illicit operations are channeled through Fraudulent Current Account No. 103226900000252 (IFSC: YESB0001032), which is maintained at Yes Bank Limited, Chembur Branch in Mumbai. The perpetrators reportedly fabricated counterfeit documents using the company's name and corporate title to establish a false association and fraudulently secure deposits from retail clients.
Company Status and Investigative Action
The management of Inventure Growth and Securities Ltd stated that it has no association or connection whatsoever with the unknown individuals or the proprietary entity operating the fraudulent Yes Bank account.Regarding the financial impact, the company confirmed that none of its liquidity pools, asset base, or verified corporate bank accounts have been siphoned or breached. The exposure is strictly confined to temporary brand protection risks. The total amount of public money collected and misappropriated by the perpetrators remains unknown and is subject to examination by police authorities through full bank statements.
In response to the fraudulent activities, the company provided all necessary administrative files and registration logs to the relevant police departments to ensure immediate freezing of the fraudulent accounts and facilitate tracking of the illicit money trail for public protection.
Key details related to the ongoing fraud and investigation are summarized below:
| Parameter | Detail |
|---|---|
| Nature of Fraud | Corporate Identity Theft, Forgery, Criminal Conspiracy, and Passing-off against retail investors. |
| Perpetrator(s) | Unknown person(s) operating a deceptive proprietary configuration whose identities are to be uncovered during the investigation. |
| Fraudulent Account | Current Account No. 103226900000252 (IFSC: YESB0001032) maintained with Yes Bank Limited, Chembur Branch. |
| Company Impact | No corporate accounts or assets have been affected; the risk is limited to brand protection. |
| Reporting Authority | Criminal complaint filed with Senior Inspector of Police, MIDC Police Station, Andheri East, and Joint Commissioner of Police, Economic Offences Wing (EOW), Mumbai. |
INVENTURE Stock Price Movement
Inventure Growth & Securities Limited shares settled on a flat note today, closing at ₹0.98 after experiencing no movement throughout the session. The stock accumulated a traded volume of 616,590 shares during trading hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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