Hadapsar resident cheated of Rs 5.5 lakh by promising huge returns on investment
Pune : NpNews24 Online – Pune Crime | A misconception has been created that huge profit can be made by investing in the share market. Taking advantage of this, a new type of cheating has emerged where people are told that if they invest money in shares through a particular company, then they will get double or triple profit. A case has been reported where a man was cheated of Rs 5.5 lakh. (Pune Crime)
A 36-year-old man, a resident of Hadapsar, has lodged a complaint at the Wanawadi police station. A case has been registered against Imrankhan Inamdar, a resident of Shirol taluka in Kolhapur district.
According to the police, Imrankhan owns a company Tine Agro. He told the complainant that if he invests Rs 30,000 in the shares of the company, he will get a return of Rs 1 lakh 20 thousand and he will get Rs 60,000 if he invests Rs 20,000. The complainant invested Rs 50,000.
The complainant did not have a demat account needed for trading in shares and did not have knowledge of the share market. However, he was shown as an agent. He was told that shares of Tine Agro had been purchased and was told that the value had increased to Rs 5 lakh 48 thousand.
However, in reality, no shares were purchased and no returns were given to the complainant. The accused sent a fake receipt of having deposited money to the complainant and cheated him of Rs 5 lakh 48 thousand.
When the complainant demanded his money, the accused abused him. When he realised that he had been cheated, he lodged a complaint with the police.
API Jadhav is investigating the case.
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