3 fraudsters nabbed for duping 119 people in name of mutual fund investment

| | Bhopal
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3 fraudsters nabbed for duping 119 people in name of mutual fund investment

Tuesday, 01 December 2020 | Staff Reporter | Bhopal

The Kotwali police have booked three fraudsters involved in duping around 119  victims in the name of investment in Mutual Funds and duped the victim to the tune of Rs 21.61 lakh.

Police said that the accused have shut the office and escaped with the invested money of the victims who have been cheated in the name of investment in Mutual Funds.

The company Mount Soft Mutual Benefit Ltd having its head office in Mathura UP had a branch office in the state capital. The accused were identified as MD Pankaj Choudhary, GM Arvind Kumar Yadav and run by Tarun Goyal. 

After the victims found that the company has locked the office and escaped a complaint was lodged by the victims and based on the complaint police have registered case of fraud against the three.

In the initial investigation police have found that company’s head office is situated in Mathura Uttar Pradesh and police team would be sent to investigate matter.

During the investigation it was found that accused have cheated 119 victims to the tune of Rs 21.61 lakh. Police said that after the accused would be nabbed more details of other frauds are likely to be shed by them.

The victims have also contacted the employees but their mobile numbers are found to be switched off and have stopped using the earlier mobile numbers.

Office of the company was operated from Peergate area by the three accused involved in maintaining the branch.

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