Sunday, June 18, 2017

Eight cheated of Rs 1.66 cr by Pune company

Mahesh Motewar, CMD, Samrudhha Jeevan

PUNE: Eight citizens and several others were cheated of Rs 1.66 crore by Pune-based Samruddha Jeevan Multi-state-Multipurpose Cooperative Society Ltd. The company had taken money from the victims as investments and after paying interest in initial period, the society closed down its office.

The complainant Jitendra Soni told the police that when the society's local executives had come with investment schemes in 2013, he had invested Rs. 1 lakh and had received the money along with interest on maturity. Later till March 2015, Soni invested Rs 29 lakh in different amounts in the company. Police said that Soni and other investors received interest amount till February 2016 but after that the society started to default on paying the interest amount to him and seven others.

When Soni and other investors went to take the interest cheque at the society's local office on R C Dutt Road, they were told by the executives that the society's bank accounts have been seized. Soni and seven other investors also went to Pune to meet society's top bosses who promised them that their interest amount will be paid since the society holds many assets in the form of gold and real estate.

Cops said that the investors remained in touch with the society's executives in Pune through phone. "Earlier this month, the society closed its local office without paying money to the investors," said a police official. 


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