Fraudulent company’s property to be seized

Mysuru, July 17:- The state government has instructed concerned authorities to seize the properties of Lancer Finance Company Pvt Ltd which has cheated its investors.

The revenue department had released the notification on the issue on June 20. The undersecretary of the department has instructed for the seizure of the properties of Anita and Vinoda, wives of the owners of the company, TC Rajendra and ES Ashok.

Sub-divisional officer of Mysuru has been made in-charge of this process in order to protect the welfare of the investors. (MR/KS)

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