Archive · 27 Jul 2026
Thane Firm Owner Accused of Duping Investors
A man who owns two investment firms in Thane, Maharashtra, is accused of cheating 10 people out of Rs 1.2 crore.
He promised them high returns from share and forex trading but did not pay back the money.
One victim invested Rs 18 lakh and got back only Rs 7.2 lakh as partial interest.
The police have registered a case against him, but no arrests have been made yet.
A Thane firm owner is accused of cheating 10 investors out of Rs 1.2 crore.
He promised high returns from share and forex trading but did not repay the investors.
One victim invested Rs 18 lakh and received only Rs 7.2 lakh as partial interest.
The police registered a case on July 24 under cheating and criminal breach of trust.
No arrests have been made, and the investigation is ongoing.
- Who
- Proprietor of two financial investment firms in Thane
- What
- Accused of cheating 10 investors of Rs 1.2 crore
- When
- Between 2022 and 2024
- Where
- Thane, Maharashtra
- Why
- Promised lucrative returns through share and forex trading
Investors
Accused Firm Owner
Investment Returns
Investors
Investors claim they were promised high returns and were not repaid the principal or accrued returns.
Accused Firm Owner
The accused allegedly promised high returns but failed to deliver on these promises.
- Accused
- Proprietor of two financial investment firms
- Victims
- 10 investors
- Amount Duped
- Rs 1.2 crore
- Promised Returns
- 5 to 6 percent monthly
- Investment Period
- Nearly a year
- Case Registered
- July 24
- Arrests Made
- None
