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Wednesday, April 14, 2021

Mumbai: Businessman ‘cheated’ of Rs 1.5 crore

Police have booked seven persons linked to the Wakad-based company, which organises sports events and also sells sports accessories.

By: Express News Service | Pune |
Updated: March 8, 2021 12:43:39 am
The alleged cheating incident took place between March 1 and 6, police said.

A Mumbai-based businessman has filed a police complaint stating that he was cheated of Rs 1.5 crore by a sports events and accessories company in Wakad on the false promise of returns on investment in a sports event.

An FIR in the case has been registered at Wakad police station under Pimpri-Chinchwad jurisdiction by the 46-year-old businessman, who is from Mahim. Police have booked seven persons linked to the Wakad-based company, which organises sports events and also sells sports accessories.

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The alleged cheating incident took place between March 1 and 6, police said. The FIR states that the officerbearers of the company told the complainant that a tournament called Maratha Premier League would he held along the lines of the IPL and gave him a fake appointment letter for the position of director of the company. Subsequently, Rs 1.48 crore were taken from him on the promise of high returns over a period of six months, police said.

The complainant approached the police after payments on the cheques given him for returns were stopped. Assistant Inspector Avinash Pawar said, “We have launched a probe in the case. We are yet to make arrests.”

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