Maha Jeweller booked for cheating investors in Kalyan
Thane Feb 23 PTI An offence has been registered against the owner of a jewellery store in Maharashtras Thane district for allegedly cheating investors of over Rs 156 crore police said on Wednesday The city police on Tuesday registered a case under section 420 cheating and other relevant provisions of the IPC and the Maharashtra Protection of Interest of Depositors MIPD Act against the owner of S Kumar Gold and Diamond in Kalyan an official said The jeweller allegedly accepted deposits from investors for a fixed period and promised them lucrative returns but never returned the invested amount or paid the interest on it the official from Mahatma Phule chowk police station said The accused later closed the shop and absconded he said adding that a complaint was lodged by some of the investors More than 20 persons have allegedly been cheated and the number is likely to grow once the other victims come forward the official added PTI COR ARU ARU
Thane Feb 23 PTI An offence has been registered against the owner of a jewellery store in Maharashtras Thane district for allegedly cheating investors of over Rs 156 crore police said on Wednesday The city police on Tuesday registered a case under section 420 cheating and other relevant provisions of the IPC and the Maharashtra Protection of Interest of Depositors MIPD Act against the owner of S Kumar Gold and Diamond in Kalyan an official said The jeweller allegedly accepted deposits from investors for a fixed period and promised them lucrative returns but never returned the invested amount or paid the interest on it the official from Mahatma Phule chowk police station said The accused later closed the shop and absconded he said adding that a complaint was lodged by some of the investors More than 20 persons have allegedly been cheated and the number is likely to grow once the other victims come forward the official added PTI COR ARU ARU
