Pune: Police recover Rs 1 crore in investment scam where 570 hearing and speech impaired people were duped

According to the police, the accused formed private companies named Platinium Investment and Finance Global Solutions and Suyo Abhi Enterprises and lured several hearing- and speech-impaired people from Pune through investment schemes launched by these companies. The accused accepted money from several investors, but failed to give the assured returns.

After the investors lodged a first information report (FIR) against the accused at the Shivajinagar police station last year, the accused were booked under various sections of the Indian Penal Code and the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act related to cheating, criminal breach of trust, criminal conspiracy etc.

The Economic Offences Wing (EOW) of the Pune city police conducted a detailed probe into this case and arrested six persons. The probe revealed that they cheated 570 hearing- and speech-impaired people. The police seized their laptops, mobile phones and other items. During the investigation, the police also seized the bank accounts of the accused and their companies.

The police submitted the chargesheet in the case in March this year. Police said the accused had given additional returns to some investors. Police interacted with these investors and recovered the additional amount from them through demand drafts in the name of district judge, Pune. So far, the police said, they have recovered Rs 1 crore in this case and the amount has been deposited in court.

Police said all the accused, victims and witnesses in the case are hearing and speech impaired. So the investigation was carried out using special skills while interacting with the 467 witnesses.