Tente: Economic violations Wing of Thane arrested a man because of cheating more than 500 Investors of Rs 16.5 Crore in a fraud investment scheme.
Police suspect that there may be more victims in the ponzi scheme.
The police said that the defendant, Chetan Dand, floating an investment company called Desar with various schemes advertised on various social media platforms since 2014.
Learned that there was a big anger by investors in scamsters when they suck money worth millions of rupees from investors.
“Dand has promised a good return of investors.
When investors began to demand their interests and money back, Dand and his accomplice gave a variety of terrible reasons,” said a police officer.