Mumbai: Fincap company owner booked for cheating sisters of Rs 3.75 crore, threatening to get them killed ‘gangsters in Dubai’

In 2021, the complainant woman, through her sister, came in contact with one Hariharan alias Hari Janardan Iyer (52), who owns Saish Fincap—a commodity exchange investment company.

“Iyer offered 18 per cent interest if we invested with his company. He also claimed that he had successfully given 18 per cent profit to many big people,” the complainant stated in the FIR.

Trusting Iyer, the two sisters collectively invested Rs 3.85 crore in Iyer’s company during 2021-2022.Iyer promised to return the entire money with 18 per cent profit in 11 months.

Once the 11-month period was over, the complainant woman asked Iyer about their money. Stating that he had incurred losses, he promised to return the money to the sisters in the next six months, stated the complaint.

On September 18, 2023, he also gave an apology letter for the delay and gave a guarantee in writing saying he would return the money with 18 per cent interest as soon as possible, said police.

The FIR claimed that Iyer returned Rs 10 lakh and promised to return the remaining Rs 3.75 crore before March 31, 2024 or else legal action could be taken against him. But, Iyer missed this deadline too and told them that he invested the money in making a film and that he would return the money once the film releases.

After a few days when the complainant again asked Iyer about the money, he refused to return her the amount and allegedly abused and threatened her, said the complaint.

According to the FIR, Iyer told the complainant that he would get rid of her in Dubai, he was in touch with all the bhais (gangsters) from Dubai and that D-Company has strong dominance in Dubai. He later again threatened her and refused to give back the money when she contacted him from Mumbai, said police.

The two sisters then approached Mumbai police and filed a complaint. Senior officers have transferred the case to the anti-extortion cell for further investigation. Iyer denied all allegations and said that he has never ever made any extortion attempts, nor threatened anyone.

“Our company borrowed money as loan and faced some business losses, due to which the payments have been delayed, not denied. We have always communicated our business losses and we have not cheated anybody. We do not have any connections with any criminals in India and In Dubai. It’s not at all true that we have threatened anyone. We have explained all details of our business losses and also our latest business and recovery developments,” said Iyer.