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Mumbai woman dupes people of Rs 73 lakh, loses the money in IPL betting

<p>Arti Gawad had promised people a return of 5% per month on money invested with her, but spent some of it on her daughter&rsquo;s wedding and lost the rest in IPL betting</p>

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A 38-year-old woman has been arrested by the MIDC police for duping more than 22 people, including her own kin, of nearly Rs 73 lakh. Arti Gawad had promised people a return of 5% per month on money invested with her, but spent some of it on her daughter’s wedding and lost the rest in IPL betting.

The complainants include government servants, doctors, retirees and even the woman’s brother and sister. Arti, who got divorced 15 years back and has two daughters, was arrested on Sunday and charged under Section 420 (Cheating) of the IPC. She has been remanded in police custody.

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