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Malad departmental store booked for cheating investors of R 2 crore
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Malad departmental store booked for cheating investors of R 2 crore Samiullah Khan samiullah. khan@ mid- day. com THE owners of Shree Malad Dal Mill, a well- known departmental store, have been booked by the Malad police for allegedly cheating dozens of investors of nearly R 2 crore. The owners, including Hasmukh Bhai Rambhia, Bhavesh Rambhia, Ratilal Rambhia, and Miken Rambhia, allegedly took crores of rupees from people by promising 15 per cent returns per annum.
According to the police, most of the victims were customers of Shree Malad Dal Mill. u201c The owners lured customers in 2012 into investing money, so that their departmental store could be expanded into supermarkets, construction business, etc.
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