Thane: Three employees of investment firm booked for cheating senior citizen of more than Rs. 75 lakh

Based on a complaint lodged by the 69-year-old man, a case under section 420 (cheating) and other relevant provisions of the Indian Penal Code and Information Technology Act was registered on Thursday, said an official from Shivaji Nagar police station in Ambernath

An offence has been registered against three employees of an investment company for allegedly cheating a senior citizen of more than Rs 75 lakh in Maharashtra's Thane district, police said on Friday.

Based on a complaint lodged by the 69-year-old man, a case under section 420 (cheating) and other relevant provisions of the Indian Penal Code and Information Technology Act was registered on Thursday, said an official from Shivaji Nagar police station in Ambernath.

The victim has alleged that three employees of the investment firm had wooed him with promise of lucrative returns if he invested through demat accounts and in Forex, he said.

Also Read: Mumbai: Dreams of OTT release cost film producer Rs 48 lakh

The victim opened a demat account with the company and between July and August 2022 made investments worth Rs 75.93 lakh, for which he did not get any returns and the accused also allegedly failed to give him back the invested sum, the official said.

The three alleged accused were the public relations officer, regional manager and head manager of the firm who made the victim make payments from time to time through digital transfers, he said.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!