Mumbai: 65-year-old doctor cheated of Rs 80 lakh on pretext of high returns
Mumbai: A 65-year-old doctor was duped of Rs 80 lakh by a fraudster who made a fake promise of high returns on investment. The fraudster allegedly took money at different times over six years in the name of investment.
A case of cheating has been registered against a man for allegedly duping a 65-year-old doctor of Rs 80 lakh by promising attractive returns on investment, a police official said on Wednesday.
The accused was identified as Shariyar Chhatriwalla alias Shoyeb Memon, a resident of suburban Kurla.
He allegedly cheated doctor Ghanshyam Verma, a resident of Nashik, by taking money at different times over six years in the name of investment, the official said.
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Verma even borrowed money from relatives and also sold his residence to pay the accused, the complaint said.
Based on the doctor's complaint, a case under IPC section 420 was registered and further probe was on, the official said.
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