VADODARA: A businessman living in Karelibaug was cheated of Rs 1.25 crore by a jewellery firm from the same area.
Rajkumar Jain, who is into catering and labour supply business, lodged a complaint against the owners of the firm Nimesh Soni, Nilesh Soni and their father Nandlal Soni at DCB police station on Friday.
Jain alleged that the trio had offered him a partnership in their business by asking him to invest Rs 2 crore in 2013.
They took the money from him but did not give him any profit share as promised and fled in April after winding up their business.
Jain in his complaint stated that he became acquainted with the trio as he used to regularly buy jewellery from them since 2010. In 2013, when they offered him a partnership as they wanted to buy a jewellery making machine, Jain agreed. Between 2013 and 2018, Jain gave the accused payments totaling to Rs 1.25 crore.
Whenever he used to ask for his share in profit, Nilesh told him to first invest the entire Rs 2 crore. Jain then asked for written proof of his Rs 1.25 crore investment, following which Nilesh gave the same on the letterhead of the company. Nilesh also gave Jain four cheques as security deposit.
In the last three years whenever Jain demanded his money back the accused kept dilly-dallying.
On April 22, when Jain went to their shop, he found out that they had closed their business and fled away. As their phones were also switched off, Jain decided to approach the police.
