India News | Thane: Man, Woman Held for Cheating Investors, 2 Absconding
Get latest articles and stories on India at LatestLY. A man and woman were arrested on Friday for allegedly cheating investors by promising them good returns, Thane police said.
Thane, Dec 18 (PTI) A man and woman were arrested on Friday for allegedly cheating investors by promising them good returns, Thane police said.
MFC police station inspector NK Bankar said Rekha Jadhav and Gangadhar Rao have been arrested under IPC and MPID Act provisions while Sunil Awhad and Sandeep Sanap were on the run.
"The four set up an investment firm and duped 10-12 investors of Rs 1.73 crore. Further probe into the case is underway," 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)