A day after issuing an advisory, the Nagaland Police today informed that it had registered a regular case in the State Crime Police Station and had initiated investigation against the “RGA company.”
In an update, the police stated the steps were taken after taking “into cognisance the complaints reported in 1930 CFCFRMS portal against investment company RGA for duping its customers.”
“The company by the name RGA has lured many investors from Nagaland, promising huge returns,” the advisory stated, indicating it to be a new Ponzi scheme.
A closer scrutiny of the ‘RGA’ movement showed that most of its activities are disseminated via the “RGA Official Channel” on Telegram, which has over 15,364 subscribers.
Meanwhile, to a question posed by Nagaland newspaper Mornung Express, The R/GA, a New York-based global digital product, marketing, and brand innovation company, has categorically denied any association with the “promotional materials/advertisement” being carried out in India under ‘R/GA or RGA MARKETING LTD.’