Maharashtra Resident Falls Victim to ₹18 Lakh Investment Scam, Case Registered

Maharashtra Resident Falls Victim to ₹18 Lakh Investment Scam, Case Registered

Asif Iqbal | December 24, 2023 | 09:06 PM IST | Maharashtra | Follow on Google News

Maharashtra Resident Falls Victim to ₹18 Lakh Investment Scam, Case Registered

Maharashtra Resident Falls Victim to ₹18 Lakh Investment Scam, Case Registered

A man is alleged to have defrauded a 47-year-old homemaker of ₹18.56 lakh by promising high returns on mutual fund investments, as reported by a Thane police official on Sunday. Over the period from March 2021 to March 2023, the victim entrusted her money based on the advice of the accused. However, he failed to fulfill his promise of providing her with interest, dividends, or other payments that were due.

According to officials at the MFC police station, the accused also engaged in inappropriate behavior towards the woman when she approached him to return the money. A case has been registered, encompassing charges of cheating and other related offenses. As of now, no arrests have been made in connection with the case.

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Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.