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Maharashtra: Man held for cheating 1,216 persons of Rs 57 cr with fake FD scheme
Updated On: 15 September, 2022 09:31 PM IST | Thane | PTI
We have frozen 24 bank accounts containing Rs 12.84 lakh. More duped investors are likely to come forward with complaints and the cheating amount may go up, a police official said
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A jewellery shop chain owner was arrested in Maharashtra's Thane city for allegedly duping more than 1,200 persons to the tune of Rs 57.89 crore, a police official said on Thursday.
Shrikumar Shankara Pillai, who had several gold and diamond outlets in several towns of Maharashtra, was arrested by the Crime Branch's Economic Offences Wing on Tuesday, he said.
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