Thane, Jan 29: Police have registered a case against nine persons for allegedly cheating a 42-year-old woman from Navi Mumbai and other persons of Rs 2.97 crore after promising them high returns in various investment schemes, an official said on Monday.

The accused invested funds of the woman and other victims in shares and also to acquire movable and immovable properties over the last three years, the official from Sanpada police station said. Cops Rescue 14-year-old Girl After She Jumps into Nullah in Navi Mumbai.

But, the accused failed to provide any gains or return the invested money to the victims, he said.

The woman, who is a resident of Seawoods area in Navi Mumbai township, filed a complaint with the police on Sunday. Man from Navi Mumbai Duped of Rs 24 Lakh in Investment Fraud.

Based on it, the police registered a case against nine persons under relevant 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 said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)