Mumbai: Man booked for duping 10 of Rs 25 lakh
NAVI MUMBAI: Rabale police own registered a case of cheating and forgery against a 39-Twelve months-mature man from
for allegedly duping 10 persons of Rs 25 lakh by getting them to transfer money to his monetary institution fable for foreign currencies shopping and selling, assuring them 25-30% earnings.
Pankaj Bagal had lured the investors by guiding them on investments in the stock markets, with which they obtained gorgeous returns. He then convinced them to acquire into foreign currencies shopping and selling, and claiming that it important particular pc software program, he mild money from them. In March 2016, he claimed his fable was hacked, so he was unable to alternate and give them their earnings. When investors demanded refunds, he saved dilly-dallying for 2 years, and in March, when the investors went to his verbalize, he made cheque funds but they bounced as he requested his monetary institution to conclude funds.
He appended incorrect signatures on MoUs on Rs100 label paper for cash licensed from investors. Because the money was mild by Bagal at the
verbalize of an investor, Sanjivani Karambalkar (40), who along with her father, husband and sister had paid Rs 6.15 lakh to Bagal in 2015 and 2016, police registered an FIR at Rabale on Thursday.
The replace investors cheated were Rutika Salvi (Rs 1 lakh), Vivek Kesare (Rs 1.15 lakh), Abhijit Patil (Rs 1 lakh), Pramoda Shetty (Rs 2 lakh),
Chavan (Rs 2.45 lakh) and Manoj Chavhan (Rs 11.15 lakh).