India News | Maha: Man Duped of Rs 72 Lakh in Rice-puller Scam; One Held
Get latest articles and stories on India at LatestLY. A man was allegedly duped of Rs 72 lakh by a gang that lured him to invest in a testing device in Bhiwandi of Maharashtra's Thane district, police said on Tuesday.
Thane, Dec 28 (PTI) A man was allegedly duped of Rs 72 lakh by a gang that lured him to invest in a testing device in Bhiwandi of Maharashtra's Thane district, police said on Tuesday.
Also Read | Who is Piyush Jain? Here’s All About The Kanpur Trader Under Scanner After Over Rs 250 Crore Cash Raid.
Based on a complaint, the police on Tuesday arrested one Nurulhuda Khan (37), while a hunt has been launched for six more accused, who cheated the victim over a period of six years, an official said.
Also Read | Rajasthan: 16-Year-Old Girl Dies By Suicide After Being Harassed By Two Boys In Barmer; Case Registered.
An offence under section 420 (cheating) and other relevant provisions of the IPC has been registered with Shanti Nagar police station under the Bhiwandi division, he said.
According to the police, the accused lured the victim to invest in a testing device, which they said can be sold to a US-based authority for crores.
The gang collected Rs 72 lakh from the victim in various forms between 2016 and 2021, the official said.
“Rice-puller” scams are common in rural parts of the country. Gangs carrying out such scams try to convince people to invest in machines that test copper-iridium, an alloy which they claim is highly valuable for its magnetic power, and go about demonstrating this quality by "pulling rice", usually a trick involving mixing the grains with iron particles.
(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)