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Maharashtra: Man held for cheating 1,216 persons of Rs 57 cr with fake FD scheme
Updated On: 15 September, 2022 09:31 PM IST | Thane | PTI
We have frozen 24 bank accounts containing Rs 12.84 lakh. More duped investors are likely to come forward with complaints and the cheating amount may go up, a police official said
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A jewellery shop chain owner was arrested in Maharashtra`s Thane city for allegedly duping more than 1,200 persons to the tune of Rs 57.89 crore, a police official said on Thursday.
Shrikumar Shankara Pillai, who had several gold and diamond outlets in several towns of Maharashtra, was arrested by the Crime Branch`s Economic Offences Wing on Tuesday, he said.
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