Inventure Growth & Securities Files Criminal Complaint Against Identity Theft and Fraud
Inventure Growth & Securities has filed a criminal complaint against unknown third parties for identity theft and fraud. The perpetrators allegedly used the company's name to solicit investments and misappropriated public funds. The company's own assets are unaffected, but it is cooperating with police to trace the illicit money.
While the company's direct financial assets are not impacted, the fraudulent activity and potential damage to its reputation could have a medium-term effect on investor confidence and business operations.
The company is a victim of fraud and identity theft, which negatively impacts its reputation and requires legal action.
Inventure Growth & Securities Limited has filed a formal criminal complaint with the Senior Inspector of Police, MIDC Police Station, Andheri East, Mumbai, and marked a copy to the Joint Commissioner of Police, Economic Offences Wing (EOW), Mumbai. The complaint, signed by Director Mr. Kamlesh S. Limbachiya, seeks intervention against unauthorized third parties exploiting the company's reputation and identity to defraud retail investors.
The fraudulent activities involve identity theft, forgery, criminal conspiracy, and passing-off. Unknown individuals have allegedly cloned the company's name and goodwill to solicit and misappropriate public investment funds. They have established a proprietary concern and a bank account (Account No. 103226900000252, IFSC: YESB0001032 with Yes Bank Limited, Chembur Branch) using the deceptively identical name "Inventure Growth and Securities," intentionally omitting the word "Limited" to bypass registry checks. Fabricated documents bearing the company's name have also been used to deceive clients into making deposits.
The company discovered these activities today via an email from its registered Authorized Person. While the total quantum of public money collected and misappropriated is currently unknown and subject to police investigation, Inventure Growth & Securities Limited explicitly clarifies that none of its liquidity pools, asset bases, or corporate bank accounts have been affected. The exposure is limited to temporary brand protection risks. The complaint cites various statutory provisions including the Bharatiya Nyaya Sanhita, 2023, the Trade Marks Act, 1999, and other relevant laws. The company has no association with the accused individuals or the proprietary entity and is cooperating with the police and EOW by providing necessary records to freeze fraudulent accounts and trace illicit money.
What to do with a filing like this
Inventure Growth & Securities Limited filed this with the NSE as a statutory disclosure, categorised under fraud/defaults disclosure. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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