10 Investors, Rs 1 Crore: Case Against Thane Investment Firm For Forex Fraud

In a separate case in Palghar district, the local Economic Offences Wing registered an FIR regarding an alleged ponzi scheme operated by Rich 2 Money Private Limited. Investigators stated that 48 investors were allegedly defrauded of Rs 5.91 crore through false promises of 3 percent monthly returns on market investments, equities, and working capital. The company allegedly used formal agreements on letterheads, post-dated cheques, and land plot promises to build false credibility. Police have appealed to additional victims to come forward with complaints.

Authorities have also noted other unrelated grievances, including a separate incident in Thane where five individuals were accused of cheating a 28-year-old man of Rs 70 lakh under the pretext of securing him a government job using forged appointment letters and identification cards. In the investment fraud cases, police and the Economic Offences Wing are conducting inquiries to trace the flow of funds and identify potential additional victims.

Not yet reported: The articles do not specify the final court outcomes or whether any accused individuals have been successfully apprehended or interrogated.

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