Vasai doctor, associate accused of Rs 4.5 lakh investment fraud

Mumbai: In a shocking case of deception and financial fraud, a Vasai-based doctor and her associate have been booked for allegedly cheating a 79-year-old man out of Rs 4.5 lakh by luring him into a fake investment scheme involving antiques and rare metals.

According to the Achole police, the victim, Shabbir Nagdawala, a resident of Evershine City in Vasai East, was acquainted with a doctor who runs a clinic on Ambadi Road in Vasai West. In July, during a routine visit to her clinic, the doctor introduced Nagdawala to a man who claimed to be a DRDO scientist. He reportedly presented a fake identity card, which convinced Nagdawala of his credentials. Since a respectable doctor vouched for him, I did not have any doubt,” said Nagdawala.

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Speaking to Hindustan Times, the Achole police officers said that they have registered an FIR under sections 318 (4) (cheating), 316 (2) (criminal breach of trust), and other relevant sections of the Bharatiya Nyaya Sanhita (BNS). “We have called the complainant to record a detailed statement. After that, we will know what kind of antiques were promised,” said police sub-inspector Guru More, of Achole police station.

The case raises fresh concerns about rising financial fraud targeting senior citizens.

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