AURANGABAD: A non-resident Indian ( NRI ) has been duped of Rs 47 lakh by a man who had promised him good returns on investment in chilli powder business.City Chowk inspector DS Shingare said, “The suspect has reportedly duped many people from different parts of the city. In this case, he has duped the NRI of Rs47 lakh.”The suspect was introduced to the NRI through a common friend, who convinced him to invest money into his business. The suspect, who is at large at the moment, is a resident of Bari Colony.“The complainant, Mohammed Khalilullah Siddiqui, fell prey to the suspect’s plan and decided to invest Rs38.17 lakh. In addition, the suspect paid Rs9.55 lakh in cash to the suspect in November 2015. Siddiqui was promised a return of Rs3,500 per lakh per month for the amount invested in the business,” a police officer said.Sources informed that before fleeing, the suspect took away all his documents and identity proofs, while leaving behind his wife and kids.The police also confirmed about receiving several complaints against the suspect. But no offence could be registered for want of evidence showing transaction into the suspect’s account.“Some of the complainants have claimed of having bank transaction records to substantiate their claims and we have asked them to return with records for registration of case against the suspect,” the officer said.“Despite repeated appeals, people tend to fall prey to such traps and end up losing their money,” Economic Offences Wing (EOW) inspector Shrikant Navale said.“Recently, the suspect’s relatives had lodged a missing complaint. Though we are probing the complaint we are also verifying if it has been done as a tactic to put pressure on the investors,” a policeman privy to the investigation said.

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