Thirty investors duped of Rs 32 crore by private firm, two persons booked
PTI, Sep 1, 2023, 4:25 PM IST
Police have registered a case against two persons, including the owner of a firm, in Thane district of Maharashtra for allegedly cheating 30 investors to the tune of nearly Rs 32 crore on the promise of handsome returns on investments, an official said on Friday.
The case was registered against Parag Thakker, proprietor of Indo Pacific Global Services Company and its manager Sagar Chinnarampelli at the Narpoli police station, he said. ”Between January 2022 and February 2023, the accused lured people into investing in their firm and promised to give 12 per cent returns on investments,” the police official said, quoting the complaint. ‘
‘A total of 30 people invested money in the range of Rs 50 lakh to Rs 1 crore each into the company. The accused issued promissory notes to the investors and later gave cheques. But the cheques bounced as the bank accounts were already frozen,” he said.
After realising that they have been cheated to the tune of Rs 31.95 crore collectively, the victims approached the police and lodged a complaint, he added. An offence under Indian Penal Code (IPC) section 420 (cheating), 406 (criminal breach of trust) and 34 (common intention) was registered on Friday, but no arrest has been made so far, the police said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Wayanad Bypoll: Politics in country, Kerala not genuinely working for people, says Priyanka Gandhi
Malegaon blast trial: Court issues bailable warrant against Pragya Thakur
Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power
CBI forms SIT to probe into Tirupati laddu adulteration allegations
Out on bail, murder accused shoots dead wife, three children in Varanasi
MUST WATCH
Latest Additions
MP Brijesh Chowta urges Kerala CM for strict action against attack on Edneer Swamiji’s vehicle
Mangaluru: Asiatic male lion arrives at Pilikula Zoo
Waqf Notice Issue: Not an accident, but state government’s conspiracy, claims V. Sunil Kumar
Wayanad Bypoll: Politics in country, Kerala not genuinely working for people, says Priyanka Gandhi
Malegaon blast trial: Court issues bailable warrant against Pragya Thakur
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.