Cops say Nutan Dal Mill stores’ owner transferred the money into the account of Nareshkumar Barad’s company, Vidya Marketing Proprietor
Ketan Rambhiya, the accused, duped his customers on the pretext of investing their money for 15-16 per cent returns
Goregaon police have booked one more accused in the investment fraud case, after the interrogation of the first accused, Ketan Rambhiya. They have launched a search for him, as he is absconding.
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Rambhiya, the owner of Nutan Dal Mill stores, had been arrested for duping his customers of lakhs. He took money from his customers on the pretext of investment and a promise of 15-16 per cent returns. Police said he had transferred all the money to the bank account of Nareshkumar Barad’s company, Vidya Marketing Proprietor.
Police added Barad’s name and included section 120(B) (criminal conspiracy to commit an offence) of the IPC in the FIR on Sunday night. They produced Rambhiya in court on Monday and got an extension of his custody until Thursday.
Police have recorded the statements of four more victims, who were cheated of about Rs 31.5 lakh, said the public prosecutor. There are also written complaints of other victims and if their figures are added in the FIR, the amount cheated thus far would reach Rs 4-Rs 5 crore, the officer said.
Advocate Mahesh Rajpopat said the amount evaluated by the police so far has reached Rs 73 lakh.
Police said that with Barad’s arrest, they will know where they used the cheated money and procured the fake bond paper given to the people.
Rs 73 lakh
Total cheated amount evaluated by police so far
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