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The Times of India

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Pune: Four held for duping businessman of Rs 1 crore

PUNE: The Khadak police on Friday arrested four men on the charge of floating a fake investment scheme and cheating a Pimpri-based businessman of Rs1 crore.

According to the police, Anand Mane, the prime suspect, told Nikhil Kadam that a West Bengal-based company gives good returns on investment and asked him to invest.

“In October 2020, Mane met Kadam in Shukrawar Peth and accepted over Rs1 crore in cash from him. The suspects then left. However, Kadam got back neither his investment nor the promised returns,” the police said.

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