Thane: Wing Wing Wing (EOW) from Police Thane arrested a man from the desired Mangalore in multi-crore investment fraud.
The defendant, Raviraj Ammu Samani, has escaped from the city after a violation was registered against him, the officer said.
Acting on the tip, Thane police went to Mangaloru and arrested the defendant with the help of the local police.
A senior police officer told me that on January 14, 2020 a violation was registered against the defendant with the Kapurbawdi police station under Section 420 (cheating), 409 (criminal violation of public confidence, or by bankers, traders, or agents), 406 (criminal violations of trust ), together with other parts of Maharashtra protection for depositors (MPID).
“The defendant in this case has made the company in the name and style of the Samani cooperative credit and investment community received from citizens, who promised a favorable return.
He never paid them the main interests and were promised.
During the probe it was revealed that the defendant had delayed at least 90 people To the RS Nada 1.3 Crore and the numbers tend to be far more, “said a police officer.
Samani was presented before the Special MPID judge in Thane who released it to police custody until November 22, 2021.
Thane Cops Catch ‘Investors’ in Mangaluru for RS 1.3 Crore Fraud
