Latest News | Maha: Three Booked for Cheating Builder of Rs 1.4 Cr in Thane
Get latest articles and stories on Latest News at LatestLY. An offence has been registered against three people, including a couple, for allegedly cheating a builder of Rs 1.4 crore in Maharashtra's Thane city, police said on Monday.
Thane, Jul 10 (PTI) An offence has been registered against three people, including a couple, for allegedly cheating a builder of Rs 1.4 crore in Maharashtra's Thane city, police said on Monday.
According to the police, the couple, who ran a firm dealing in contracts of power companies, had approached the victim to become 50 per cent shareholder in the business and promised him profits.
The victim invested Rs 1.4 crore in the company between 2018 and January 2023. He realised that he had been cheated when he did not get any returns on his investment and his money was not given back to him, an official said.
An offence under sections 420 (cheating) and 406 (criminal breach of trust) has been registered and no arrests have been made so far, he added.
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(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)