Mumbai woman loses Rs 2.97 crore in investment scam.

Navi Mumbai Woman Loses Rs 2.97 Crore in Investment Scam; Nine Accused Booked

Navi Mumbai police have taken action against nine individuals for allegedly defrauding a 42-year-old woman and several others of a whopping Rs 2.97 crore. These individuals lured the victims with promises of high returns through various investment schemes, according to an official statement on Monday.

Over the course of the past three years, the accused invested the victims’ funds in shares and claimed to acquire movable and immovable properties. However, they failed to deliver any profits or return the invested money, leaving the victims in significant financial distress.

The woman, residing in Seawoods area of Navi Mumbai, reported the incident to the police on Sunday. In response, the police have filed a case against the nine suspects under relevant sections of the Indian Penal Code, the Prize Chits and Money Circulation Schemes (Banning) Act, the Banning of Unregulated Deposit Schemes Act, and the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act.

Authorities are currently conducting an investigation into the matter.

A recent case of investment fraud has left a Mumbai woman and several others duped of a staggering amount of Rs 2.97 crore. The woman, whose identity has not been revealed, fell victim to the scam after she was promised high returns on her investment. Unfortunately, she is not alone in this incident, as several other individuals have also been conned by the fraudsters. This incident serves as a stark reminder to always exercise caution and thoroughly research any investment opportunity before parting with your hard-earned money.

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