Palghar, Maharashtra's Palghar district police have registered a case against seven people for defrauding a private bank manager and two others of over Rs 84 lakh by promising high returns on investments. An official gave this information on Friday.
Between March and April, the two accused persuaded a Vasai-based bank manager to buy "IPOs (initial public offerings) and shares". Later my brother and friends also joined.
Overall, the three complainants invested Rs 84.63 lakh, the official said.
However, when the trio asked for returns on their investment, the accused stopped talking to them. Realizing that they had been defrauded, the trio contacted the police.
The Manikpur police on Wednesday registered a case against seven people on charges of fraud, the official said.
Between March and April, the two accused persuaded a Vasai-based bank manager to buy "IPOs (initial public offerings) and shares". Later my brother and friends also joined.
Overall, the three complainants invested Rs 84.63 lakh, the official said.
However, when the trio asked for returns on their investment, the accused stopped talking to them. Realizing that they had been defrauded, the trio contacted the police.
The Manikpur police on Wednesday registered a case against seven people on charges of fraud, the official said.
