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Two administrators and three senior executives of a Dadar-based non-public firm have been booked Monday in an alleged funding fraud, with no less than seven buyers claiming they misplaced Rs 13.48 crore within the Ponzi scheme, police mentioned.
The case was registered in opposition to prime executives of Platinum Hern Pvt Ltd, an organization that runs Torres retailer, on the Shivaji Park police station.
Administrators Sarvesh Surve and Victoria Kowlenko, CEO Taufiq Riya alias John Carter, basic supervisor Tanya Kastova and retailer in-charge Valentina Kumar have been booked primarily based on a grievance by a 31-year-old vegetable vendor, Pradipkumar Vaishya, who had invested of their ponzi scheme.
To date the police have recorded statements of no less than seven individuals, who cumulatively misplaced Rs 13.48 crore, within the Ponzi scheme which promised to supply 25% month-to-month curiosity on their funding.
Police suspect that that accused had duped many buyers in Mumbai, Navi Mumbai and Mira Bhayander areas.
Between June and December 2024, the accused floated a scheme claiming that if any investor buys moissanite stone from them for the quantity invested, that individual will get a weekly curiosity of 6 per cent.
Lured by the provide many individuals deposited cash with the corporate, police mentioned.
The buyers have been initially given common pursuits as promised, however after December 30, 2024, the agency began ignoring buyers’ calls, the police mentioned.
As a number of buyers gathered exterior Torres retailer on JK Sawant Highway in Dadar (West) demanding their cash, police arrived on the spot to pacify the group.
A case below sections 318(4), 316 (5), 61, of Bhartiya Nyay Sanhita (BNS) and sections 3 and 4 of Maharashtra Safety of Curiosity of Depositors (MPID) Act was lodged in opposition to the highest 5 executives of the corporate.
“The variety of buyers duped and quantity concerned might improve in coming days. After lodging and FIR, now we have despatched a report back to the workplace of commissioner of police and shortly the case could be transferred to the Financial Offences Wing (EOW) of Mumbai police,” DCP Zone 5 Ganesh Gawde mentioned.
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