Thane, Jan 9 (PTI) Police have launched an investigation into the alleged cheating of several persons by three partners of a firm under the pretext of offering hefty returns on their investment in Thane district of Maharashtra, an official said on Tuesday.

According to police, the trio amassed Rs 31.68 crore from more than 680 investors, mostly from Kalyan township, since 2018.

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As they failed to give any returns and also refused to return the money, many investors approached the police, an official said.

No arrest has been made.

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An FIR was registered on Monday against three men for criminal breach and cheating under the Indian Penal Code and the Maharashtra Protection of Interest of Depositors (MPID) Act.

(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)