A court in Maharashtra's Thane district has sentenced a 38-year-old man to three years' rigorous imprisonment for duping several people while promising them lucrative returns on investment in his company.

In his order passed on Friday, judge Premal S Vithalani, of special court hearing under the Maharashtra Protection of Interest of Depositors (In Financial Establiements) (MPID) Act, also imposed a collective fine of Rs 60,000 on the accused, from Lokmanya Nagar Pada here.