India

Man defrauded of ₹31 lakh with promise of lucrative returns

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.

Also Read: Final Salute to Martyr Akhilesh Kumar Rai: BSF Jawan Laid to Rest with State Honours in Emotional Farewell

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.

Also Read: JP Nadda’s Himachal Roadshow: Challenges Congress Credibility, Accuses Them of Offering “Guarantee of No Guarantee”

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.

Naiteek Bhatt

Recent Posts

Maha Kumbh 2025: Yogi Government’s Strategic Coordination Ensures Timely Preparations

For Maha Kumbh 2025, preparations are in full swing as authorities work to ensure all…

11 hours ago

In Special Gesture, Kuwait’s Prime Minister Sees-Off PM Modi At Airport After Conclusion Of Historic Visit

Prime Minister Narendra Modi wrapped up his two-day visit to Kuwait on Sunday evening. In…

11 hours ago

Maha Kumbh 2025: Shri Panchdashnam Aawahan Akhara Makes Grand Entry Into Maha Kumbh City

Maha Kumbh 2025 with preparations for the Maha Sammelan are in full swing as 13…

12 hours ago

India’s Unifying Initiative: MRM Declares Bhagwat’s Message As The Foundation Of National Unity

The MRM strongly endorsed Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat’s statement on temple-mosque disputes.…

12 hours ago

Maha Kumbh-2025: Prayagraj Mela Authority Deploys Advanced Sanitation Technology

For Maha Kumbh-2025, the Prayagraj Mela Authority has made extensive preparations to provide a clean…

14 hours ago

PM Narendra Modi To Attend Christmas Celebrations At CBCI In New Delhi

Prime Minister Narendra Modi is all set to attend the Christmas celebrations at CBCI Centre…

14 hours ago