Navi Mumbai: Case Against 20 People For Cheating Investors Of ₹5.5 Crore

Navi Mumbai: Case Against 20 People For Cheating Investors Of ₹5.5 Crore

Main accused Satish Gawand got in touch with the victims through his agents who promised to double their investment in 40 days, an official said.

PTIUpdated: Thursday, August 17, 2023, 10:19 PM IST
article-image
Representative Image

Thane: The Navi Mumbai police on Wednesday (August 16) registered a case against 20 people for allegedly cheating investors of nearly Rs 5.5 crore.

Main accused Satish Gawand got in touch with the victims through his agents who promised to double their investment in 40 days, an official said.

The accused cheated eight investors of Rs 5.47 crore between October 2022 and February 2023, the police said.

The station house officer of CBD Belapur police station said a case has been registered under the Indian Penal Code, Prize Chits and Money Circulation Schemes (Banning) Act and Banning of Unregulated Deposit Schemes Act against 20 accused persons. 

RECENT STORIES

'Mera Umar Nahi Hai Yeh Sabka..': Mumbai Landlord Shows Adult Film Collection To Female Tenant, She...

'Mera Umar Nahi Hai Yeh Sabka..': Mumbai Landlord Shows Adult Film Collection To Female Tenant, She...

Mumbai: Police Arrest 60-Yr-Old Man For Threatening 75-Yr-Old Woman & Stealing Valuables Worth ₹5...

Mumbai: Police Arrest 60-Yr-Old Man For Threatening 75-Yr-Old Woman & Stealing Valuables Worth ₹5...

Mumbai Pod Taxi Phase-1 Set For Launch In 2027, Likely To Reduce Traffic Between Kurla & BKC; Know...

Mumbai Pod Taxi Phase-1 Set For Launch In 2027, Likely To Reduce Traffic Between Kurla & BKC; Know...

Mumbai: Man Climbs On AC Local Train Roof, Suffers Severe Burns After Electric Shock Near Diva...

Mumbai: Man Climbs On AC Local Train Roof, Suffers Severe Burns After Electric Shock Near Diva...

Air India Express To Commence 20 Daily Flights From Navi Mumbai Airport, Airline Group Targets 60 By...

Air India Express To Commence 20 Daily Flights From Navi Mumbai Airport, Airline Group Targets 60 By...