Navi Mumbai Shocked: Fraudsters Cheat Woman, Others In Rs 2.97 Cr High-return Investment Scam – News18

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Navi Mumbai Shocked: Fraudsters Cheat Woman, Others In Rs 2.97 Cr High-return Investment Scam – News18


The accused failed to offer any beneficial properties or return the invested cash to the victims. (Representative picture)

Police have registered a case in opposition to 9 individuals for allegedly dishonest a 42 years previous girl from Navi Mumbai and different individuals of Rs 2.97 crore

Police have registered a case in opposition to 9 individuals for allegedly dishonest a 42-yr-previous girl from Navi Mumbai and different individuals of Rs 2.97 crore after promising them excessive returns in varied funding schemes, an official stated on Monday.

The girl, who’s a resident of the Seawoods space in Navi Mumbai township, filed a grievance with the police on Sunday.

Also Read: Navi Mumbai Man Loses Rs 19 Lakh in Cryptocurrency Fraud

The accused invested funds of the girl and different victims in shares and in addition to amass movable and immovable properties over the past three years, information company PTI quoted an official from Sanpada police station, as saying.

But, the accused failed to offer any beneficial properties or return the invested cash to the victims, he stated.

Based on the grievance filed by the girl, the police registered a case in opposition to 9 individuals below related provisions of the Indian Penal Code, the Prize Chits and Money Circulation Schemes (Banning) Act, the Banning of Unregulated Deposit Schemes Act and the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act.

An investigation was on into the case, the police stated.

(With PTI inputs)



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