Rediffmail Money rediffGURUS BusinessEmail

Thane Police Nab Two in Crores Investment Fraud Case

March 26, 2026 16:56 IST
Source:PTI  -  Edited By: Rediff News Desk
2 Minutes Read

Two individuals have been apprehended in Thane for allegedly orchestrating an investment fraud, swindling a businessman out of lakhs of rupees with promises of a lucrative investment and counterfeit financial documents.

Key Points

Two persons have been arrested for allegedly cheating a businessman of lakhs of rupees by promising to arrange a Rs 50 crore investment in his company, police said on Thursday.

Vinod Yadav alias Baba Yadav and Dilip Mamtora, along with another person, allegedly provided a fake 'Angadiya' (courier) receipt and SWIFT documents for USD 28 lakh to the complainant to gain his trust, and took Rs 34.20 lakh from him between August 2025 and March 2026.

 

But the complainant received no funds in his accounts.

A case was registered at Kashigaon police station in Bhayander under Bharatiya Nyaya Sanhita (BNS) for cheating, forgery and criminal conspiracy, and Yadav and Mamtora were arrested on Tuesday, officials said.

Police have recovered Rs 34.20 lakh from the accused, said Assistant Commissioner of Police (Crime) Madan Ballal.

Ongoing Investigation into Investment Fraud

"Preliminary investigation has revealed that the accused have cheated several other individuals using a similar modus operandi," he added.

Further investigation is underway, officials said.

Disclaimer: News content is sourced from the stated source. Headlines, summaries, section headers, and images are automatically generated or selected using AI/algorithms and may not always be fully accurate. Readers are advised to refer to the full article for complete context.
Source: PTI  -  Edited By: Rediff News Desk
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

investment fraudthanearrestscheatingscam

RELATED STORIES

WEB STORIES

The Good News: 7 Advantages Of Hing Or Asafoetida

India's 10 Top Islands In The Sun

8 Top Wellness Retreats Of India

VIDEOS

NEWS BUSINESS MOVIES CRICKET SPORTS GET AHEAD REDIFF-TV REDIFF ASTRO MOBILE RECHARGE BILL PAYMENTS