Investment scam leaves Ludhiana resident 29.5 lakhs short; Seven individuals charged

The individuals implicated in the case are Aman, Shiri Miyad, Rameshwar Lal, Vij M, Laxmi Narayan, Rajnish Pandey, and Sanjay Tandon.

Author
Shantanu Poswal
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Courtesy: Freepik

A resident of the city fell victim to a scam, losing a staggering ₹29.5 lakh after being enticed by fraudsters promising quick and substantial profits through their investment firm. The Jamalpur Police took action by registering an FIR against the accused individuals involved in the fraudulent scheme.

The accused parties have been identified as Aman, Shiri Miyad, Rameshwar Lal, Vij M, Laxmi Narayan, Rajnish Pandey, and Sanjay Tandon. The FIR was initiated based on the statement provided by Darshan Singh Kang, a resident of Harjap Nagar in Mundian. Kang recounted that he received a call from the accused, who lured him with the promise of lucrative returns by investing in the stock market through their platform. To initiate the investment, they instructed Kang to transfer funds to their bank accounts.

However, after receiving a substantial sum of ₹29.55 lakh from Kang, the fraudsters continued to demand more money. When Kang sought to retrieve his initial investment, the accused ceased all communication, refusing to return his calls.

Kang took decisive action by lodging a formal complaint on February 6. ASI Surjit Singh, assigned to investigate the case, confirmed that the FIR was registered following a thorough investigation into Kang's allegations. The accused individuals have been charged under sections 420 and 120 B of the Indian Penal Code (IPC), relating to fraud and criminal conspiracy. Law enforcement authorities are actively pursuing the arrest of the accused to bring them to justice.