Forex Scandal in Navi Mumbai: Businessman Cheats Investors

A businessman from Navi Mumbai allegedly defrauded four investors of Rs 28.4 lakh by promising high returns in forex trading. The accused, Sachin Bapu Gunjal, promoted his scheme through 'Trading Hub Academy and Set Up Enterprises'. A complaint led to an FIR, but no arrest has been made yet.

Navi Mumbai has recently become the center of attention after a businessman reportedly defrauded four residents by promising lucrative returns through forex trading.

The businessman, identified as Sachin Bapu Gunjal, is accused of swindling a total of Rs 28.4 lakh, exploiting the trust of the investors with assurances of high and consistent returns.

However, the initially promised monthly profits, which attracted investors, ceased abruptly, leading to an FIR being filed. Although inquiries are being made, no arrests have yet been made in connection with the case.