The Economic Offence Wing (EOW) of Thane Police in Maharashtra have registered a case against a company, its directors for allegedly duping investors and have launched a high-level probe into the matter, officials said, reported the PTI.

According to the police, the alleged fraud exceeds Rs 4.31 crore. The company and its directors reportedly deceived investors through multiple financial schemes. The suspected scam is believed to have taken place over several years, the news agency reported.