A case has been registered against three individuals in Thane for allegedly defrauding a 54-year-old housewife and eleven other investors by luring them with promises of high returns. According to PTI reports, the investors collectively lost a total of Rs 1,51,45,838 in the fraudulent schemes, which took place between 2015 and 2019.

As per PTI, no arrests have been made in connection with the case so far. The First Information Report (FIR) was lodged earlier this week at the Thane Nagar police station under multiple sections of the Indian Penal Code (IPC), including 420 (cheating), 409 (criminal breach of trust by a public servant, banker, merchant, or agent), and 406 (criminal breach of trust). Additionally, provisions of the Maharashtra Protection of Interests of Depositors (MPID) Act have also been invoked against the accused.