Nine of bogus firm booked for cheating investors

  • | Saturday | 12th January, 2019

The police have been constantly appealing to people to check the credentials of a company or financial firm before investing in it. Patil further alleges that they started the office in August and vacated in November without informing the investors. Meanwhile, they had also started a website under the name Karjamukti. NASHIK: The Gangapur police have booked nine people in connection with a case of cheating registered against them by Kishor Nawal Patil, a resident of Sambhaji Chowk.According to the complainant, the nine people, all residents of Sangamner had started a financial company under the name of Karmabhoomi Marketting company at Datta Chowk, Gangapur Road and were seeking investments in exchange for high returns within a short time.Patil stated in his complaint that he deposited a total of Rs 6.70 lakh between August 2018 and November 2018. The suspects assured Rs 1.50 lakh on an investment of Rs 13,000 within five to six months.Police said that many people must be cheated in the financial scam and the number of complainants would soon increase after they learn that the directors of the concerned company have shut their office and fled.The suspects have been booked under sections 420 (cheating), 406 (criminal breach of trust) and 34 (common intention) of the IPC, apart from other sections of the Maharashtra Protection of Interests of Depositors Act.There have been many cases of cheating that are registered in the city over the past few years.

NASHIK: The Gangapur police have booked nine people in connection with a case of cheating registered against them by Kishor Nawal Patil, a resident of Sambhaji Chowk.According to the complainant, the nine people, all residents of Sangamner had started a financial company under the name of Karmabhoomi Marketting company at Datta Chowk, Gangapur Road and were seeking investments in exchange for high returns within a short time.Patil stated in his complaint that he deposited a total of Rs 6.70 lakh between August 2018 and November 2018. Patil further alleges that they started the office in August and vacated in November without informing the investors. Meanwhile, they had also started a website under the name Karjamukti. The suspects assured Rs 1.50 lakh on an investment of Rs 13,000 within five to six months.Police said that many people must be cheated in the financial scam and the number of complainants would soon increase after they learn that the directors of the concerned company have shut their office and fled.The suspects have been booked under sections 420 (cheating), 406 (criminal breach of trust) and 34 (common intention) of the IPC, apart from other sections of the Maharashtra Protection of Interests of Depositors Act.There have been many cases of cheating that are registered in the city over the past few years. The police have been constantly appealing to people to check the credentials of a company or financial firm before investing in it.

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