A team from the Economic Offences Wing (EOW) attached to the Mira Bhayandar-Vasai Virar (MBVV) police is investigating a case of investment fraud in which dozens of investors were duped to the tune of Rs 6.97 crore by a flyby-night company in Mira Road.
The company named Gold Hill, which claimed to be reaping profits in the field of crude oil and share trading, accepted investments by promising high returns ranging 20 to 25 per cent to investors.
The couple who ran the company had shifted their office from the posh Poonam Garden area of Mira Road to Kashimira, days before their vanishing act.
Moreover, the pay-out cheques issued by the couple bounced when deposited in bank due to insufficient funds hinting at a well-oiled racket to allow early users to make high returns and establish trust. In their statement to the police, the complainants said that the pay-out was disbursed as promised in the initial stages.
“Although the FIR has been registered at our police station, the EOW is conducting investigations into the case,” said an official from the Mira Road police station. So far 20 investors who claim to have registered their complaints.