Nagpur: Greed to earn fast money with less investment led to loss of Rs 11 lakh to a 27-year-old young man and his friend who were promised lucrative returns of their investments. A 30-year-old man and his five other complies have been booked by Sitabuldi police in this connection. The fraud took place between May, June 2013 and April 2014.
According to information, Arun Thakre alias Satish Somkuwar alias Rajesh Somkuwar, aged 30 and a resident near Dighori Naka met Saket Eknath Palwe (27), a native of West Thane sometime in 2013. He introduced himself as a financial investor and offered him an investment plan that promised attractive returns. As per the statement given by Saket, Arun informed that Saket will get a 10% return for whatever money he invests in the scheme in a short time. On being asked about the lucrative return in such a short time, Saket was informed that the money belonged to the tragedy affected funds sanctioned to the affected people. Arun informed that the emergency funds were not utilised for the tragedy-struck people and the same was accumulated in the accounts of big politicians. In view to turn the black money into white, this investment plan had been proposed and thus the returns are high. He also informed that since black money is involved, the investment is made only in cash and the company has been working for 5-6 years to exchange the black money and the return are the legal money.
On being convinced about the scheme and its returns, Saket invested Rs 1 lakh cash into the scheme and got a return of Rs 1.10 lakhh after the promised date. Saket informed his friend Nitin Shinde, a native of Pandharpur, about the scheme and they both handed over Rs 10 lakh to Arun at Jhansi Rani Square, in front of Vidarbha Sahitya Sammelan. Later, the duo invested more Rs 7 lakh into the same scheme. However, in this investment, they did not get the promised returns within the speculated time. Realising that they have been cheated, Saket and Nitin lodged a complaint with Sitabuldi police station. Meanwhile, Arun contacted Saket and returned him Rs 5.30 lakh. But failed to return the remaining Rs 11 lakh and is absconding since then.
On the basis of Saket’s complaint, Sitabuldi police registered an offence under Sections 420 and 34 of the IPC and booked the accused.