Archive · 7 Jan 2026
Palghar Firm Owner Arrested for Rs 2.39 Crore Fraud
A man named Roshan Chandanlal Jain from Palghar, Maharashtra, was arrested for cheating 14 people.
He promised them big profits if they invested in the stock market through his company.
Instead, he took their money, totaling Rs 2.39 crore, and didn't give them the returns he promised.
The police caught him, and now he's in trouble for his actions.
Roshan Chandanlal Jain, 36, arrested for defrauding 14 investors of Rs 2.39 crore.
Jain lured investors with promises of high returns in the share market.
The fraud was carried out through his company based in Boisar, Palghar.
The incident came to light and Jain was arrested on January 7.
Investigations revealed that Jain coaxed investors to put money in the share market.
- Who
- Roshan Chandanlal Jain, a 36-year-old man from Palghar, Maharashtra
- What
- Allegedly duped 14 investors out of Rs 2.39 crore through a share trading fraud
- When
- Arrested on January 7
- Where
- Palghar, Maharashtra
- Why
- Lured investors with promises of high returns in the share market through his company
- Accused Name
- Roshan Chandanlal Jain
- Age
- 36
- Location
- Palghar, Maharashtra
- Amount Defrauded
- Rs 2.39 crore
- Number of Victims
- 14 investors
- Modus Operandi
- Lured investors with high returns in share market
- Company Location
- Boisar, Palghar