Abbas Tahebhai Mithaiwala (54), a resident of Thane, has been charged by the Sinhagad Police for allegedly defrauding a 49-year-old man out of ₹31 lakh. This year, the incidence happened in September and October, and on December 15, a formal complaint was filed.
Antar Sakharam Ambre (49), a resident of DSK Vishwa in Dhayari, has been identified as the victim.
A five per cent return on the investment amount of ₹1.10 lakh was given to the victim after the accused persuaded him to invest in a firm called Abinfinta Trade & advisory Ptv Ltd, Singapore, according to the FIR. The victim was able to get ₹11 lakh from the accused.
Once he gained his trust, Mithaiwala requested ₹20 lakh from the victim with the promise of a larger return, but he never gave him the money.
Later, the accused offered the victim a ₹60 lakh cheque, which bounced, when the victim requested on a return.
Additionally, he drafted an agreement pledging to give the victim some of his wife’s belongings, but he actually carried out the proposed agreement legally.
After the victim went to the police, a formal complaint was made in accordance with sections 406 and 420 of the Indian Penal Code (IPC). Officials stated that no arrests have been made as of yet.
