Elderly couple duped of Rs 65 lakh, one held: Pune Police


In an alleged multi-crore rip-off, Pune Police arrested a person who reportedly cheated a number of individuals by making them make investments cash in a bogus scheme, assuring them profitable returns between 18 and 24 per cent.

The accused has been recognized as Pankaj Bhagchand Chhallani, a resident of Mukund Nagar. Richard Anchi (58), a resident of Bhosale Nagar, lodged a criticism on this regard at Swargate police station.

Police stated that Anchi and his spouse had are available in contact with the accused a number of years in the past by means of their pal. The accused had satisfied the couple to take a position cash in his fraudulent scheme and guaranteed them of giant returns.

Between November 2014 and September 2018, the accused had accepted a deposit of Rs 65 lakh from the complainant. In March 2018, he allegedly stopped paying them curiosity and didn’t return the deposited cash both, police stated.

Police stated that the accused had allegedly cheated 34 extra individuals in the same method to the tune of some crores. Police Inspector Swati Desai of the Economic Offences Wing (EOW) is at present investigating the case.

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