The Cyber Cell of Pune city police has arrested a Mumbai-based man, who is suspected to have cheated as many as 500 people from different parts of India, to the tune of Rs 11 crore through an online “multi-level marketing” scheme. The case came to light after Rahul Sopan Ubhe (30), a resident of Kondhwa Budruk, lodged a complaint with Kondhwa police station. Police said Ubhe got to know from his friend Popat Chorge about an online business by a company, “Digideal Enterprises”, which offered returns of Rs 2,925 for 20 weeks on an investment of Rs 19,500.
Police said Ubhe deposited Rs 19,500 on August 2 and then Rs 39,000 on August 6 in an Axis Bank account given by the company.
Also, about 25 people knowing him deposited money in this business, but got no return.
So they contacted the company owner P D Shah. However, Shah’s cell phone was not reachable.
They also found that Shah’s website http://www.digideal2u.com had stopped functioning.
The Cyber Cell had then initiated a parallel probe in this case. A team led by Sub-Inspector Praveen Swami nabbed the accused identified as Priyesh Dinesh Shah (35), resident of Sion (East) in Mumbai, on Wednesday.
Police said Shah had opened bank accounts in Axis Bank and Yes Bank in Mumbai. Police found that about 500 people from Maharashtra, Madhya Pradesh, Gujarat, Tamil Nadu, Bihar, Punjab, Himachal Pradesh, Karnataka, Andhra Pradesh, Assam, Rajasthan and Delhi deposited money in these accounts expecting lucrative returns. Police said Shah did return the money of few depositors, but had duped many others.
So far, 60 complaints have been received against Shah from Pune city.