Bhiwandi: A case of fraud in the name of investment in alleged garment business has come to light in Bhiwandi, Maharashtra. Shantinagar police have registered a case against a woman and her three relatives. It is alleged that the accused took lakhs of rupees and gold jewelery from six people by promising them good returns, but later did not return the money and jewellery.
According to the police, the accused have been accused of allegedly defrauding cash worth Rs 24.25 lakh and 46 tola gold jewellery. Action has been initiated in the case based on the complaint of a victim.
Accusations against four people including woman
The people against whom the Shantinagar police have registered a case have been identified as Rafana Ansari, her husband Tanveer Ansari, sister-in-law Shabnam Ansari and nephew Darab Ansari.
According to the police, Rafana Ansari is allegedly M/s A.A. Was associated with a firm named Collection. It is alleged that people were made to invest on the pretext of expanding the garment business of this firm.
Gave assurance to increase online and offline business
According to the complaint, Rafana Ansari was allegedly running a garment business from her house in Gabinagar area of Bhiwandi. The complainant was buying clothes from him since the year 2020.
It is alleged that Rafana told the complainant that she wanted to expand her business both online and offline, but she did not have enough capital for this.
After this he allegedly proposed to give a share in the profits from the investment.
Promise of profit in return for investment
The complainant alleges that the accused woman assured good returns to those investing in the business. On the basis of this promise, some people gave money and gold jewelery as investment.
It is alleged that gradually six people handed over a total of Rs 24.25 lakh and 46 tola gold jewelery to the accused.
Allegation of not returning money and jewelery
It has been alleged in the complaint that after the investment, neither the profits were given on time nor the original amount and jewelery were returned.
When the victims asked for their money and jewelery back, they were reportedly turned away. After this the victims contacted the police.
Police started investigation
After the matter came to light, Shantinagar police has registered a case against the four accused on the basis of the complaint. The police are now investigating the entire matter.
During the investigation, the police is trying to find out how many people were involved in the alleged investment scheme and how much money was taken from them.
Documents and transactions will be investigated
According to police officials, documents, bank records and other evidence related to financial transactions will be examined in the case. Apart from this, the facts related to the conversation and agreement between the accused and the complainants will also be scrutinized.
Police are also investigating whether M/s A.A. How was the firm named Collection being operated and what claims were made regarding the investment.
Increase in cases of financial fraud
Cases of fraud by luring profit in garments, investment schemes and business have been coming to light from time to time. The police continuously appeals to the people to check complete information and documents before investing money in any business or investment.
At present, police investigation is going on in this case of Bhiwandi. The allegations will be confirmed only on the basis of investigation and available evidence. Police say that action will be taken as per rules against those found guilty in the case.
