Disciplinary action and departmental inquiry has been recommended against them as enough evidence was not available to name them as accused.

Director General of Police Crime Investigation Department (CID) D V Guruprasad told reporters here on Saturday that Deputy Superintendent of Police Market sub-division V V Kumbar, Market Police Inspector Shankar Marihal and Khade Bazaar Sub-Inspector S P Madihalli have been negligent during the investigation and have colluded with the accused.  
Departmental inquiry and disciplinary action has been recommended against them, while Deputy Superintendent of Police Suresh Naidu and Police Inspector B P Chandrashekhar have been named as accused, he said .

CID completed the investigations of 13 cases in six months time. Charge sheet regarding the seven cases was filed earlier and charge sheet regarding three cases was filed last week, while the remaining three would be filed in the next week. Six cases have been registered against Swiss Cash, four against I-Quiz and one each against Reliable Services, Jeevandhan and Max Growth, he said.

Barring Swiss Cash, information about the schemes was gathered from the websites of the remaining companies.

As per the investigations, the scam involved swindling of money to the tune of Rs 16.82 crore of which Rs 8.80 crore has been returned to investors.