Thane Crime: Man dupes 100 of Rs 59 lakh with ponzi scheme

Efforts are on to nab him, the Naupada police station official added.

A man in Thane city has been accused of duping some 100 investors to the tune of Rs 59 lakh by promising them high returns, a police official said on Friday.

Accused Anand Konar, who is on the run, had floated a investment firm in Naupada, the official added.

Efforts are on to nab him, the Naupada police station official added.

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!