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EOW books KP bizman in multi-cr investment fraud case
The accused allegedly lured the woman complainant and others into investing through his firm with promises of high monthly returns. To gain their trust, he reportedly paid returns in the initial few months. But, later, he allegedly stopped all payments and even failed to return the principal amounts.
PUNE: The Economic Offence Wing (EOW) has booked a 42-year-old businessman of Koregaon Park in a multi-core investment scam case, Pune City police said on Friday. The accused has been identified as Bhupesh Ashok Dixit, owner of InfiCo Share Market Company.
According to the police, the accused allegedly lured the woman complainant and others into investing through his firm with promises of high monthly returns. To gain their trust, he reportedly paid returns in the initial few months. But, later, he allegedly stopped all payments and even failed to return the principal amounts, resulting in losses amounting to crores of rupees to the investors.
Based on the complaint, a case was registered at Koregaon Park police station under relevant sections of the Bharatiya Nyaya Sanhita (BNS) that include sections 316(2), 316(5), and 318(4) along with sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999.
The case was transferred to the Economic Offences Wing, which has appealed to all affected investors to come forward and file complaints.
