2 arrested in chit fund fraud case

2 arrested in chit fund fraud case

The fraudsters have been arrested from Mandsaur (MP). 
 
2 arrested in chit fund fraud case

-Both fraudsters duped people and acquired 1 crore rupees.

-The company they were operating was registered making it convenient for them to dupe people.

2 people have been arrested in a 2-year old chit fund fraud case. These people have been accused of duping more than 200 people from Pratapgarh and Mandsaur. The accused had opened their office in Sector-4 in Hiranmagri, Udaipur.

On 7th December, Tehsin Ulla Ansari of Pratapgarh filed a case against Ishwar Lal and Pritesh. As per the report, these men had cheated Tehsin Ulla Ansari and taken 6 lakh rupees from him via online transaction. The amount was transferred by the complainant in Pritesh’s account. Based on this investment he was promised that 1880 rupees would be transferred in his account on monthly basis and he was also given cheques for this amount. Later the 2 men refused to pay him anything and the cheques also bounced.

Police investigations reveal that Ishwar and Pritesh had duped several people in Mandsaur and the nearby villages by making them invest lakhs of rupees each. More than a crore has been transferred in the bank accounts of these men either through cash or online transactions. The accused had also acquired income tax number, GST number for the chit fund company after having it registered and this made it easy for them to convince people that they were running a genuine company.

The accused used the money for living a leisure life and also spent on the needs of their families. They used to buy expensive clothes, watches, shoes and used to eat in good restaurants. These master minds had opened up an office in Hiranmagri Sector-4 and cheated several people here as well.

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