Jewellers Booked for Duping Investors of Rs 6.57 Crore in Navi Mumbai

Four family members involved in the jewellery business were allegedly booked for cheating investors of Rs 6.57 crore in Navi Mumbai. They lured 18 victims into a fraudulent gold investment scheme. The accused have been charged under the Maharashtra Protection of Interest of Depositors (MPID) Act.

Four family members involved in the jewellery business have been booked for allegedly cheating investors of Rs 6.57 crore, according to a Navi Mumbai police official.

The accused convinced 18 people to invest in a gold scheme with the promise of high returns, stated an official from the Panvel town police station.

The victims did not receive the promised returns or their initial investments. The four accused have been charged under the Maharashtra Protection of Interest of Depositors (MPID) Act as of Wednesday.