The Nigdi police on Saturday arrested a 36-year-old private security agency owner on charges of defrauding the wife of a central government official of Rs 22.5 lakh by promising double returns on her investments.
Details of the Fraud
The incident occurred in March this year. The accused has been charged under Sections 316 (criminal breach of trust), 318 (cheating), 336 (forgery), and 340 (forged document or electronic record and using it as genuine) of the Bharatiya Nyaya Sanhita (BNS).
How the Fraud Unfolded
An officer from the Nigdi police stated that the complainant and her husband first met the accused in February this year. The accused convinced them to invest in his company, promising to double the amount within 10 days. As a security measure, the accused gave a cheque of Rs 25 lakh to the woman and subsequently took Rs 22.50 lakh from her in March. However, she never received her money back.
Police investigations are ongoing, and further details are awaited.
