Thane: Seven booked for cheating investors of Rs 44 lakh

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Seven staffers of a financial firm have been booked for allegedly cheating investors to the tune of Rs 44 lakh, a Thane police official said on Saturday.

The firm accepted deposits promising high returns and failed to disburse money between 2020 and 2021, the Naupada police station official said.

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They have been booked under Indian Penal Code and Maharashtra Protection of Interest of Depositors Act, though no arrest has been made so far, he said.

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