In Mumbai, Maharashtra, a person has cheated people of crores of rupees by claiming good returns from investment and absconded. After this, the Economic Offenses Wing of the police caught the accused from Uttarakhand.
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| Fraud on the name of investment.. |
A person has allegedly defrauded more than 600 investors of Rs 380 crore by promising good returns on investment in Mumbai. After cheating the people, he has absconded. The accused has now been arrested from Uttarakhand. According to the agency, an official said that accused Amber Dalal was caught by a team of Economic Offenses Wing (EOW) of Mumbai Police on Tuesday from Tapovan, a popular tourist destination in Uttarakhand.
The official said that the 59-year-old man, who had fled after defrauding the investors, was caught and brought to Mumbai and arrested after interrogation. The broker had promised investors 1.6 to 1.8 percent monthly returns on investments through his company Ritz Consultancy Services. He told investors that their money was being invested in commodities.
Let us tell you that initially he gave promised returns to some investors but later he stopped doing so. The police officer said that a group of 56 victimized investors approached the police and estimated the loss in the scam at Rs 380 crore. The officer said a case of cheating and criminal breach of trust was registered against the broker at Oshiwara police station and the investigation was handed over to the EOW, after which the accused was found in Uttarakhand.
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