EOW Arrests Three in Rs 500 Crore Investment Scam

The police have arrested three people who tricked over 11,000 investors, including many police officers, out of Rs 500 crore.

The accused, Sameer Narvekar, his wife Neha, and their friend Amit Palaw, started a company called Trade with Jazz in Pune in 2019.

They promised investors a 4% monthly return on stock market trading and showed fake high earnings to make their scheme seem trustworthy.

However, the company suddenly closed its offices and stopped responding to investors, leading to many complaints.

The police are now investigating the case and looking into the bank accounts and financial records of the accused.

They might make more arrests soon.