Pune : The city police are looking into a Rs 3.3 Crore share trading scam committed by an investment company with offices in Mumbai and Kharadi, Pune.
The company, which was being run by five people—two of whom were women—allegedly defrauded at least ninety-nine investors from Pune between September 2021 and October of this year, despite their promises of high returns on their investments each month.
According to police, the victims invested between Rs 15,000 and Rs 26 lakh with the company.
About two weeks ago, a Dhanori housewife had applied for a complaint with the Chandannagar police regarding this matter.
The police on Wednesday filed a case of cheating, criminal breach of trust, and common intention against the five individuals, including the two women, after verifying the complaint application and extras they later received.
The victim invested Rs 30 lakh in two different investment schemes of the firm during different phases of the 2021–22 period.
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In a year, the company gave the victim back Rs 25 lakh, but it did not return the remaining Rs 5 lakh. When the victim and her spouse went to the company’s office six months prior, they discovered it was locked. Additionally, no one from the company picked up their phone.
A police official stated that in early 2022, after the company ceased providing investors with monthly returns, the investors approached the company’s officials.
The firm officials claimed that the company had received multiple notices from the Enforcement Directorate (ED) and cited the Russia-Ukraine war as the cause of their losses.
(Source – TOI)