The proprietor of Shree Sai Laxmi Cooperative Credit Society, Jackiesh Radhakrishna Poojari, and others associated with him have been booked by the police in the multi-crore Ponzi scam in which hundreds of investors including small scale businessmen and traders of south Mumbai were duped.

mid-day had on December 2 published how over 500 investors of a South Mumbai-based company – Shree Sai Laxmi Cooperative Credit Society – were left in the lurch by Poojari, who shut his office last month.