ALERT!! 200 Crore Investment Scam Happened in India

India, Thane police's Economic Offence Wing (EOW) arrested a main accused in a Rs 200 crore investment scam case that was uncovered last year. According to a police officer, the accused, Mahadev Jadhav, avoided capture by conversing with acquaintances via Wi-Fi rather than using a mobile phone.

In 2023 an investor alleged in the FIR that he was enticed to invest in their company with the assurance of high returns. The investor was informed that his money would be invested in various companies, share markets, and cryptocurrency. “The complainant was told he would receive substantial periodical returns. Persuaded by these promises, the victim encouraged his friends to invest the company as well. However, after several months without receiving the promised returns, he realized he had been swindled and lodged a complaint with the EOW,” the officer said.

The officer stated that a specialized team from the cyber crime cell undertook a technological investigation to locate the offender. The police used advanced cyber forensics and surveillance to successfully catch the offenders.

The police have lodged many cases against the accused at police stations in Delhi, Lucknow, Pune, Sangli, and Mumbai. The police have uncovered that the accused purchased ten plots in Lucknow. An inquiry is currently underway.

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