Six people, who had invested their money under different schemes at the Mahim post office, were cheated of Rs 91.14 lakh collectively by an investment agent who fraudulently withdrew their money.
The accused and his accomplice are yet to be arrested.
On Tuesday, more people approached the police complaining of being cheated in a similar way by the same person.
In the last few months, the Mahim post office had been receiving numerous complaints from investors about not getting their money.
An internal probe nailed investment agent Umesh Doshi, 42, and his accomplice Paresh Parekh.
Investigations revealed that Doshi gained the investors’ trust and took their signatures on withdrawal and closing forms. He then withdrew their money.
On November 19, the divisional inspector of the post office filed a case.
According to the police, the six investors have alleged that they did not receive their money even after the maturity dates of schemes such as monthly income scheme, recurring deposit and senior citizens’ scheme.
“Investors approached the police after they didn’t get their returns back. We have registered a case. He also issued fake receipts to investors,” said Mahesh Patil, deputy commissioner of police, zone 5. Ratan Tata, a resident of Gowalia Tank, lost Rs 40.17 lakh – the highest among the six complainants.
Doshi and his accomplice Paresh Parekh are at large.
The accused has been booked under sections 34 (common intention), 420 (cheating) 467 (forgery of valuable security), 468 (forgery for purpose of cheating) and 471 (using as genuine a forged document or electronic record) of the Indian Penal Code.
The Mahim police are investigating whether Doshi had more accomplices.