FIR registered against ex-BJP Corporator and his son for fraud of Rs 5.5 crore
FIR registered against ex-BJP Corporator and his son for fraud of Rs 5.5 crore
PUNE: An FIR has been registered by the Vishrambaug Police against Uday Trimbak Joshi (65), a former Bharatiya Janata Party (BJP) corporator, and his son Mayuresh (46).
The duo is accused of defrauding multiple individuals of a total of ₹5.50 crore through an investment scheme related to an LPG gas agency.
As per the information provided, the Pune Police’s Economic Offences Wing (EOW) is currently investigating the claims made by nine individuals who fell victim to this fraudulent scheme. The process of registering additional complaints is also underway.
According to the complainants, Mayuresh promised investors a 12% annual interest scheme starting in 2021, without obtaining permission from the Reserve Bank of India (RBI). However, he failed to provide any returns on their investments.
To address this matter, the Vishrambaug Police Station has registered a case against Joshi under Sections 420 and 34 of the Indian Penal Code (IPC), as well as Section 3 of the Maharashtra Protection of Interest of Depositors (in financial establishments) Act, 1999.
