Mumbai, Apr 29 (PTI) Three people associated with a firm have been booked for allegedly duping investors to the tune of Rs 2.50 crore on the promise of high returns in an agro investment scheme, a police official said on Friday.
On the complaint of a 65-year-old person, Praveer Parkar and his wife Gauri Parkar, director and co-director respectively of Maharaja group of companies, and one more person were booked, he said.
“As per the scheme, the investor had to put Rs 4.5 lakh for a three-guntha plot of land as well as common farm plot of one acre, which was to be divided among 40 investors. The complainant has said the promised returns did not materialize and others like him have lost a total of Rs 2.2 crore,” the official said.
A case was registered under IPC and MPID Act provisions, the Matunga police station official said, adding that Praveer Parkar has been arrested and has been remanded in police custody till May 2. PTI DC BNM BNM
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Source: The Print
