A city-based artist who trusted an investment firm with her life’s savings as she battled a renal failure, has now discovered she was being duped by the firm. Cops are now on the lookoutu00a0for the owners of the investment firm.u00a0Desperately in need of money to fund her treatment, SarmisthaRay, a city-based painter entrusted Rs 14 lakh from her life’s savings to Ajmera Associates, an investment firm that promised high returns in quick time. What she didn’t know was that the owners of the firm were running a Ponzi scheme.u00a0

Sarmistha Ray, a painter battling a kidney ailment was duped of Rs 14 lakh by Ajmera Associates in Mumbai. Pic/Pradeep Dhivar