Trio booked for duping folks through ponzi schemes; no arrests made but


The following time you propose to speculate your financial savings in schemes promising unrealistic returns, ensure to confirm the credentials of the corporate, else you can be cheated of your hard-earned cash. The Navghar police have registered a case of fraud towards three folks for allegedly duping people-mostly housewives of lakhs of rupees by floating unlawful funding schemes and auction-based attracts in Bhayandar.

Nonetheless, no arrests have been thus far into the case. The FIR was registered following a criticism registered by a Mira Street-based housewife and different victims against-Priyanka Kulkarni and her two accomplices on the Financial Offences Wing (EOW) of the Mira Bhayandar- Vasai Virar (MBVV) police. Other than promising assured returns, the trio in an try to lure buyers would organise fortunate attracts every month to select a member for doling out items at the same time as the remaining needn’t pay installments accruing thereafter.

The accused went on to start out unlawful auction-based month-to-month schemes, the place needy members positioned their bids to get the collected quantity. Nonetheless, when the scheme matured, the accused allegedly did not return the promised quantity, leaving the buyers in lurch.

“As of now 16 folks have come ahead to register their statements. Nonetheless, the magnitude of the fraud could also be a lot larger. Individuals who have fallen prey to the fraudsters can method the Navghar police station. API-Tukaram Chakunde has been deputed to conduct investigations.” mentioned senior police inspector-Milind Desai. An offence underneath sections 34, 406, 420 of the IPC and related sections of the Maharashtra Safety of Curiosity of Depositors (in monetary institutions) (MPID) Act, 1999 has been registered towards the accused. Nonetheless, no arrests have been made thus far. Extra such fraudsters are working doubtful kitty occasion schemes and unlawful fortunate attracts within the Mira Street and Bhayandar, sources mentioned.

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