BREAKING NEWS
Rohit Sharma should change his tactics, be more attacking batting at No. 6: Ravi Shastri
Joe Root returns to England’s ODI squad for India tour, Champions Trophy; Ahmed in T20Is
Take steps to establish NIMHANS and diabetology units in Kalaburagi and Mysuru: CM Siddaramaiah
PM Modi receives Kuwait’s highest honour
RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm
Zakir Hussain’s family shares first Instagram post after his death: Always together in love
Diljit Dosanjh denies blocking AP Dhillon on social media
India beat Bangladesh by 41 runs to bag Women’s U19 T20 Asia Cup
Belagavi: Man drives tractor over brother over property dispute, arrested
Siblings wanting to postpone exams behind bomb threats to Delhi schools
Multistorey building collapses in Punjab’s Mohali, several feared trapped
Rajasthan accident: Experts blame incomplete construction, sudden cuts; seek road safety action plan
ISRO & ESA agree to cooperate on astronaut training, mission implementation
Rafi@100: Mohammed Rafi is my musical father, says Sonu Nigam
Ambedkar row: Amit Shah bitten by ‘rabid dog,’ says Karnataka minister
Maha: Two booked for cheating investors of Rs 20 lakh in Nagpur
PTI, Nov 20, 2022, 5:44 PM IST
An offence has been registered against two brothers for allegedly floating a ponzi scheme and cheating investors to the tune of Rs 20 lakh in Maharashtra’s Nagpur district, police said on Sunday.
Based on a complaint lodged by an investor, the police on Saturday registered a case under section 420 (cheating) and other relevant provisions of the Indian Penal Code and Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, an official said.
The accused allegedly floated two ponzi schemes — Aryan Pratidin Fund and Aryan Reserve Fund — in January 2016, and lured investors with promise of high returns, he said.
The accused collected Rs 20 lakh from investors and defrauded them, the official said, adding that further probe is underway.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Chennai-based firm gifts Tata range of cars, Royal Enfield bikes to employees
Allu Arjun urges fans to express feelings responsibly both online, offline
INX Media case: Delhi court allows Congress MP Karti Chidambaram to travel abroad
Parcel blast case: Accused learned to make bombs on internet to target in-laws; arrested with aide
Persecution in the name of Dharma took place due to lack of its understanding: Bhagwat
MUST WATCH
Latest Additions
Chennai-based firm gifts Tata range of cars, Royal Enfield bikes to employees
Allu Arjun urges fans to express feelings responsibly both online, offline
Rohit Sharma should change his tactics, be more attacking batting at No. 6: Ravi Shastri
Joe Root returns to England’s ODI squad for India tour, Champions Trophy; Ahmed in T20Is
INX Media case: Delhi court allows Congress MP Karti Chidambaram to travel abroad
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.