Mumbai News: 60 People Conned Of ₹6 Cr In Fake Investment Scheme

Mumbai News: 60 People Conned Of ₹6 Cr In Fake Investment Scheme

A case has been filed at Sakinaka police station under the relevant sections of IPC Act and Finance Act.

Megha KuchikUpdated: Tuesday, August 22, 2023, 10:35 PM IST
article-image
60 People Conned Of ₹6 Cr In Fake Investment Scheme | Representational photo

Mumbai: Around 60 individuals were conned of nearly Rs 6 crore by three people under the banner of Mahakali Co-op Credit Society, promising tripled investments. In an investment meeting, the accused, Ritesh Panchal, Sandeep Manjrekar, and Sunil Mulye, claimed having 13 subsidiary companies that offered lucrative investment plans.

Nearly 60 people invested in their companies, including the complainant, Smita Rane, who invested Rs 4 lakh. A case has been filed at Sakinaka police station under the relevant sections of IPC Act and Finance Act.

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Mumbai: 'The Great Indian Dandiya Festival' Set To Rock City This Navratri

Mumbai: 'The Great Indian Dandiya Festival' Set To Rock City This Navratri

Tamil Actor Vishal Krishna Alleges CBFC For Corruption For Mark Antony's Hindi Version, Says Paid Rs...

Tamil Actor Vishal Krishna Alleges CBFC For Corruption For Mark Antony's Hindi Version, Says Paid Rs...

Beloved African Grey Parrot, Romeo, Missing Since September 1, Leaves Thane Family Desperate for...

Beloved African Grey Parrot, Romeo, Missing Since September 1, Leaves Thane Family Desperate for...

Mumbai News: 16-Year-Old Boy Dies After Drowning At Juhu Beach

Mumbai News: 16-Year-Old Boy Dies After Drowning At Juhu Beach

WATCH: Swiggy Delivers Lalbaugcha Raja Prasad To Mumbai Cops, Senior Citizens & Others; Video Viral

WATCH: Swiggy Delivers Lalbaugcha Raja Prasad To Mumbai Cops, Senior Citizens & Others; Video Viral