India News | Maha: Four Booked for Cheating Investors of More Than Rs 68 Lakh

Thane, Mar 19 (PTI) An offence has been registered against four persons of an investment company for allegedly cheating people of more than Rs 68 lakh in Maharashtra's Thane district, police said on Sunday.

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A case under relevant provisions of the Indian Penal Code and Banning of Unregulated Deposit Schemes Act has been registered against four persons connected to Kalkaam Real Infra (India) Limited, an official said.

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At least 17 people had invested with the company and were promised 16 to 20 per cent returns in RDs and double the amount invested in 60 months, he said.

The victims had invested in the firm since 2013 and had not received any returns. The accused closed their offices and absconded, the official said, adding that no arrests have been made in the case.

(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)