Latest News | Maha: Three Booked for Duping Man of Rs 25 Lakh in Investment Scheme

Nagpur, May 5 (PTI) An offence has been registered against three persons in Maharashtra's Nagpur for allegedly duping a man of Rs 25 lakh in an investment scheme, police said on Friday.

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The complainant, who hails from Balaghat district of Madhya Pradesh, has alleged that the accused had promised returns to the tune of Rs 1.25 crore in two days if he invested Rs 25 lakh in their money doubling scheme, an official said.

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However, when the complainant approached the accused two days later, they started avoiding him and allegedly gave excuses and threatened him, he said.

An offence under section 420 (cheating) and other relevant provisions of the Indian Penal Code has been registered and one of the accused has been taken into custody, the official 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)