<p>A man was arrested from Mangaluru in Karnataka for allegedly defrauding people in Maharashtra's Thane by setting up a cooperative credit society and accepting deposits under the pretext of higher returns, police said on Monday.</p>
<p>A senior inspector of the Thane crime branch's Economic Offences Wing (EOW) said that an FIR was registered against the accused, Raviraj Samani, for cheating in January 2020.</p>
<p>Samani had set up a cooperative credit society and accepted investments from citizens promising them lucrative returns. He fled without returning even the invested amount, the police said.</p>
<p>As per the preliminary investigation, the accused duped at least 90 persons to the tune of Rs 1,30,15,622, the inspector said.</p>
<p><span style="font-size: x-small;"><em>This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever</em></span></p><p>
    <script async="async" data-cfasync="false" src="//pl23789885.revenuecpmgate.com/7445444aea29efc3d061cbd866026c06/invoke.js"></script>
    <div id="container-7445444aea29efc3d061cbd866026c06"></div>
    </p>

As per the preliminary investigation, the accused duped at least 90 persons to the tune of Rs 1,30,15,622, an official said

Thane: Man held for duping people in name of lucrative returns on investment

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / Mumbai / Mumbai Crime News / Article / Thane: Man held for duping people in name of lucrative returns on investment

Thane: Man held for duping people in name of lucrative returns on investment

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast