City
Epaper

Nashik Fraud News: Eight Victims, Including Four Farmers, Lose ₹50 Lakh in Investment Scam

By Lokmat English Desk | Updated: October 9, 2024 10:28 IST

Nashik Fraud: Eight individuals, including four farmers from Lasalgaon, lost approximately ₹50 lakh in a fraudulent scheme. Two suspects, ...

Open in App

Nashik Fraud: Eight individuals, including four farmers from Lasalgaon, lost approximately ₹50 lakh in a fraudulent scheme. Two suspects, who posed as a jewelry store and set up an office in Lasalgaon, have reportedly fled after deceiving their victims. Police reports indicate that these individuals scammed eight people: four farmers and four local small traders.

A small business owner from Lasalgaon, who filed the complaint, explained that the suspects opened their office at Chhajed Complex on Station Road in May 2024. They promoted various investment schemes, claiming they would invest the money in the stock market and promised to return double the amount within one to two months.

Also Read: Nashik Drugs Parcel Scam: Cyber Criminals Cheat Man of Rs 3.5 Lakhs with Fake Courier

The complainant and seven others invested over ₹50 lakh in total. However, after receiving the funds, the company's directors failed to provide the promised returns and stopped responding. Once the victims realized they had been scammed, they reported the incident to the Lasalgaon police, who are now investigating the case. Authorities believe there may be more victims and encourage anyone affected to come forward and file complaints. They have assured the public that efforts are being made to locate and apprehend the suspects.

Tags: NashikFraud newsInvestment ScamMaharashtra News
Open in App

Related Stories

PunePune Traffic Update: Diversions Announced Near Dagdusheth Ganpati Temple Ahead of Akshay Tritiya Rush

NagpurParatwada Video Scandal: Minor Victim Comes Forward, Tightens Noose Around Main Accused in Amravati Case

PunePune: Massive Forest Fire in Purandar’s Pingori Destroys 1,500 Acres, Farmers Suffer Losses

MumbaiMumbai Mid Day Meal Row: Playing With Health of 2.5 Lakh Students? Substandard Khichdi at Khernagar School Sparks Parents’ Anger

NationalWomen’s Reservation Bill Row: Modi Criticises Opposition, Eknath Shinde Calls Reaction ‘Shameful’

Nashik Realted Stories

NashikHelpline Flooded With Calls in Ashok Kharat Case, SIT Intensifies Probe

NashikNashik TCS Case: Police Urge Restraint in Sharing ‘Unverified and Speculative Reports’

Nashik‘Nida Khan Not HR Manager’: TCS Issues Statement on Nashik Religious Conversion, Sexual Misconduct Case

NashikTCS Nashik Row: CM Devendra Fadnavis Calls Conversion Racket ‘Extremely Serious’, Promises Tough Action

NashikTCS Nashik Case: Nida Khan in Mumbai, Expecting Child; Family Refutes Allegations Against Her