India News | FIR Against Duo for Duping 25 Investors of Rs 1 Crore
Get latest articles and stories on India at LatestLY. The Navi Mumbai police have registered a case against two persons for allegedly duping 25 investors of nearly Rs 1 crore after luring them with high returns, an official said on Wednesday.
Thane, Jan 3 (PTI) The Navi Mumbai police have registered a case against two persons for allegedly duping 25 investors of nearly Rs 1 crore after luring them with high returns, an official said on Wednesday.
Accused Sonali Chavan-Bhandare and Ashish Lwate allegedly cheated the investors since February 2022, he said.
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The accused persuaded the victims to invest in a “gold coin” scheme through their company with the promise of lucrative returns. Collectively, the victims shelled out Rs 1.03 crore, he said.
When the investors did not receive the promised returns as well as the principal, they approached the police.
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The Kharghar police on Tuesday registered a cheating case against the duo, he added.
(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)