The Economic Offences Wing (EOW) of the Mumbai police on Tuesday took over the investigation in the Ponzi schemes run by Borivli-based Kaak Economic Marketing Pvt Ltd, after it was found that the company cheated lakhs. According to data recovered so far, Kaak cheated over 2 lakh people of more than Rs 150 crore. 

During the initial probe, police had found that the company cheated more than 25,000 people over two years by offering lucrative returns on their investment.