6 top officials of Thane firm booked for Rs 10cr Ponzi con
| Friday | 7th December, 2018
THANE: The Maharashtra police have filed cases against six employees of a private firm for allegedly duping investors of Rs 10 crore through a Ponzi scheme The racket was unearthed after investors approached the economic offences wing of Thane police, claiming they were cheated by ‘Aatharv4U Infra And Agro Limited’, a police official said on Thursday.After these investors filed a complaint, an offence was registered on Wednesday against the six persons, including company chairman Shivaji Niphade, managing director Ganesh Hazare and directors Lukman Shaikh, Sachin Gosavi, Mukesh Sudesh and Sulindra Chavan.“We have registered an offence against six persons...,” said deputy commissioner of police D S Swami.A complainant said he and his relatives invested in the company since 2010 as it promised lucrative returns.The customers were given the option of investing money in fixed deposits and recurring deposits for various durations on the promise of high returns, the police said.Initially the investors got good returns, but the firm failed to make payments since 2016, citing the government’s demonetisation decision and giving other excuses, and duped them of around Rs 10 crore, Thane police spokesperson Shubhda Narkar said.
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