Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments

Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments
Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments
Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments
Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments

Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments

Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments

Businessman in Nagpur Duped of ₹5.39 Crore by Gang Promising High Returns on Foreign Investments

In a distressing incident, a businessman based in Nagpur fell victim to a scam and was defrauded of ₹5.39 crore by a group of 18 individuals who promised high returns on investments in foreign countries. The case has been reported to the Dhantoli police station, and an investigation has been launched by the Economic Offences Wing.

Deceptive Investment Scheme and Scammers

The victim, identified as Ankurkumar Agrawal, a coal trader, was approached by a man named Mandar Kolte, who enticed him with an investment plan in foreign countries. Kolte, along with 17 accomplices, most of whom were from Mumbai, conducted meetings with Agrawal at various five-star hotels to convince him of the scheme’s legitimacy.

As part of the scam, Agrawal transferred ₹5.39 crore into the bank accounts provided by the accused, following the investment plan. However, he soon realized that he had been deceived when a demand draft given to him by the scammers turned out to be fake.

Criminal Charges and Ongoing Investigation

A case has been registered against all 18 individuals involved in the scam, charging them with various offenses under the Indian Penal Code, including cheating, impersonation, and criminal breach of trust.

As of now, no arrests have been made in the case, and the investigation is ongoing. The incident serves as a reminder of the importance of conducting thorough due diligence and verifying the legitimacy of investment opportunities to avoid falling victim to financial scams and fraud.

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