Navi Mumbai: Gold scheme investment agent booked in Rs 9 lakh cheating case

In Thane, a gold scheme investment agent named Balamurali Menon was booked for allegedly duping a man of Rs 9.15 lakh in Navi Mumbai. The victim had invested Rs 6 lakh and 63 grams of gold worth Rs 3.15 lakh in a scheme recommended by Menon, who collected the gold and cash from the victim but did not pass it on to the jeweller operating the scheme. Investigation is ongoing.

A gold scheme investment agent was booked in Navi Mumbai for allegedly duping a man of Rs 9.15 lakh, a police official said on Saturday.

Balamurali Menon was booked for cheating and other offences on the complaint of a man who said he had invested Rs 6 lakh as well as 63 grams of gold worth Rs 3.15 lakh in a scheme recommended by the former, the Kamote police station official said.

''The agent collected the gold and cash from the victim but did not not give them to the jeweller operating the scheme and misappropriated it. Further probe is underway,'' he added.