Police in Maharashtra’s Navi Mumbai has registered a case against eight persons for allegedly cheating a man and his relatives of nearly Rs 65 lakh after persuading them to invest in stocks promising high returns
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Police in Maharashtra’s Navi Mumbai has registered a case against eight persons for allegedly cheating a man and his relatives of nearly Rs 65 lakh after persuading them to invest in stocks promising high returns.
Police on Saturday said that the complainant, a resident of Kamothe, told them that he and his kin were defrauded between 2019 and 2022, news agency PTI reported.
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In his police complaint on Friday, the man said the accused, all from Bandra in Mumbai, persuaded him and his relatives to invest in shares through their firm saying they would ensure high returns. The victims made a total investment of Rs 65.1 lakh, the official said.
However, when the victims asked for the gain on their investment and the principal sums, the accused became unreachable, said the station house officer of Kamothe police station quoting the complaint.
The Kamothe police have registered a cheating case against the eight accused, he said, adding that no arrest has been made yet.
Also read: Mumbai: Kandivali cops nab 3 making fake birth certificates in UP
In a separate incident, the Navi Mumbai police arrested a 46-year-old man and recovered mephedrone, a synthetic party drug, worth about Rs 5.2 lakh from him.
Acting on a tip-off, the police searched a man, identified as Safhi Ahmed Iqbal Ahmed, when he arrived near the Kharghar crematorium on Thursday afternoon.
He was found to be carrying 52 grams of mephedrone, also popular among its users as 'meow meow', worth about Rs 5.2 lakh, said the station house officer of Kharghar police station.
A case has been registered against the man under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, he said.
Nigerian man held with cocaine worth Rs 3 lakh in Maharashtra's Palghar district
Meanwhile, police in Maharashtra's Palghar district arrested a 39-year-old Nigerian after recovering cocaine worth Rs 3 lakh from him.
Acting on a tip-off, the police intercepted Nigerian man Yao Amed Raymond at Hanuman Nagar in Nalasopara, on the outskirts of Mumbai, on Thursday night.
A search revealed that he was carrying 30 grams of cocaine worth about Rs 3 lakh, said senior inspector Pramod Badakh of Mira-Bhayandar Vasai-Virar police's crime unit III in Virar.
Cocaine is a powerful drug that some people take illegally for pleasure and can become addicted to.
The Nalasopara police have registered a case against Raymond under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, he said.
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