Archive · 20 Jul 2026
Mumbai Surgeon Accused of ₹90 Lakh Fraud
A doctor in Mumbai is in trouble for allegedly tricking an older man into giving him a lot of money.
The doctor promised the man a share in his company and said he would make a lot of money from it.
The man gave the doctor ₹90 lakh, but the doctor did not keep his promises.
The man found out that the money was not used as agreed and is now upset.
The police are looking into what happened.
Dr. Mohan Thomas, a Mumbai cosmetic surgeon, is accused of cheating Narendra Ramniranjan Jain out of ₹90 lakh.
Jain met Dr. Thomas in 2012 and invested in his company, The Cosmetic Surgery (India) Pvt Ltd, based on promises of a 10% stake and high returns.
Jain paid ₹10 lakh in cash and ₹80 lakh via cheque in April 2013, with a Shareholder Agreement executed the next day.
Dr. Thomas allegedly promised to increase share capital or buy back Jain's shares at ₹40 each, but Jain received neither dividends nor board representation.
In May 2024, Jain discovered the ₹80 lakh was recorded as an unsecured loan, leading to a legal notice and police investigation.
- Who
- Dr. Mohan Thomas, a Mumbai cosmetic surgeon, and Narendra Ramniranjan Jain, a 65-year-old company secretary.
- What
- Dr. Thomas is accused of cheating Jain by promising a 10% stake in his company and high returns, but allegedly did not fulfill the promises.
- When
- The incident occurred between 2012 and 2013, with the FIR filed in May 2024.
- Where
- The events took place in Mumbai, India.
- Why
- Jain invested ₹90 lakh based on Dr. Thomas's promises of shareholding and returns, which were not fulfilled.
- Accused
- Dr. Mohan Thomas
- Victim
- Narendra Ramniranjan Jain
- Amount Involved
- ₹90 Lakh
- Promised Shareholding
- 10%
- Company Involved
- The Cosmetic Surgery (India) Pvt Ltd
- Year of Incident
- 2012-2013
- Legal Action
- FIR filed by N M Joshi Marg police