Mumbai: The L T Marg Police have registered a case against five individuals for allegedly duping a Gujarat-based businessman of Rs 2.88 crore under the pretext of high returns on investment.
Gujarat Cloth Trader Falls Victim to Investment Scam
The complainant, Darshan Kamlesh Kumar Shah (34), a cloth trader residing in Sabarmati Ahmedabad, Gujrat alleged that the accused — Anil Kumar Shankarlal, Lalit alias Nandid Mehta, Anuja Bhai, Jenny Francis, and Suvarna — lured him into investing in a company named AquaVayu Elements Pvt. Ltd.. They promised a monthly return of 5% on the invested amount.
Funds Sent via RTGS to Mumbai-Based Company Account
Shah claimed he transferred a total of Rs 2,88,15,000 via RTGS to the company’s HDFC Bank account located in Mumbai’s Bhuleshwar area. The company’s office is located at Refinery Building, Bhuleshwar.
No Returns or Principal Repaid; Accused Misused Funds
However, after the investment, Shah allegedly received neither the promised returns nor his principal amount. Upon repeated follow-ups, it became evident that the accused had misappropriated the funds for personal gain.
L T Marg Police Register FIR; Accused on the Run
Based on Shah’s complaint, L T Marg Police registered an FIR under relevant sections of the BNS for criminal breach of trust and cheating. All five accused are currently wanted, and further investigation is underway.
