The owners of Shree Malad Dal Mill, a well-known departmental store, have been booked by the Malad police for allegedly cheating dozens of investors of nearly Rs 2 crore. The owners, including Hasmukh Bhai Rambhia, Bhavesh Rambhia, Ratilal Rambhia, and Miken Rambhia, allegedly took crores of rupees from people by promising 15 per cent returns per annum.

According to the police, most of the victims were customers of Shree Malad Dal Mill. "The owners lured customers in 2012 into investing money, so that their departmental store could be expanded into supermarkets, construction business, etc. They had assured customers that they would be given better returns than banks. As it was an well known store, each customer invested lakhs of rupees," said a Malad police officer.