FIR filed against 6 directors of Zen Money Plant for cheating investors of Rs 11 crore

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Pune : NpNews24 Online – Pune Crime | An incident has come to light wherein many people were cheated of their money after being promised an annual return of 36 per cent on the invested amount. The incident happened at Zen Money Plant in Pune and many people have been cheated of Rs 11 crore 26 lakh 37 thousand 124. An FIR has been filed against six directors of Zen Money Plant at the Koregaon Park police station. (Pune Crime)
A case has been filed under sections 3 and 4 of Maharashtra Depositors Financial Protection Act against Zen Money Plant Director Natarjan Balasubramanian, Sharon Nadan, Mukesh Gaba, Poonam Bhalerao, Hiren Vasani and Nazia Tamboli at the Koregaon Park police station.
Sureshkumar Appalraju Verma (43) has filed a complaint.
The incident took place between July 2, 2020 to October 12, 2021 at Zen Money Plant office at Blossom Boulevard, Lane number 7, Koregaon Park.
The Economic Offences Wing of Pune police is probing the case.
According to the police, Zen Money Plant Director Natarajn Balsubramanian and Sharon Nadan with the help of other accused asked investors to invest in the company. They also promised an annual return of 36 per cent and monthly return of 2.3.4 and 5 per cent. They also promised the investors that the money will be returned to them in 18 months.
To gain the trust of the investors, the accused gave notarised affidavit, investment receipt, account opening form and security check to the investors. Since people trusted the directors of the firm, they invested in the firm.
However, after investment, they did not get any returns and were cheated of Rs 11 crore, 26 lakh, 37 thousand 127 and the money was misused for some other purpose.
The complainants filed a complaint after they realised that they had been cheated. The police after conducting a probe have filed a case against six people.
PSI Koli is carrying out further investigation in the case.
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