07 October,2020 11:20 AM IST | Thane | mid-day online correspondent
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An alleged incident of a Thane-based couple cheating 40 people with the promise of lucrative returns in various fraudulent investment schemes has come to light. The couple, identified as Manoj Mangesh Pawar and his wife Monica, is on the run after duping investors to the tune of over Rs 80 lakh.
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According to a report in Mumbai Mirror, the duo floated an investment firm 20 years ago and roped in investors with the promise of better returns than banks. Officials from Naupada police station said that recently, the couple without informing or paying their investors, have absconded.
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Police officials said the amount may increase as the probe progresses. The couple has been booked under various offences, including the Maharashtra Protection of Interest of Depositors (in financial establishments) Act, 1999. Meanwhile, the police have launched a probe and manhunt to nab the duo.
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