Four from Gujarat-based brokerage firm arrested for cheating

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Pimpri-Chinchwad Police booked four people from a Gujarat stock brokerage firm for tricking a Chinchwad man out of 40

Pimpri-Chinchwad Police booked four people from a Gujarat stock brokerage firm for tricking a Chinchwad man out of 40.2 lakh in a month between February and March.

The four defendants in the case have been identified only as Prakash bhai, Anil bhai, Anil Sutar and Priya Patel, all believed to be residents of Gujarat.

A complaint about this was filed by Ajit Krushnaji Devale (57), a resident of Link road in Chinchwad.

Devale, who holds a position in a private company, was approached by Priya Patel between February 3 and March 8 and she convinced him to invest in the stock market through the two men she introduced him to.

Through several transactions, Devale sent 50 02000 to the bank account of the two men identified only as Anil and Prakash bhai.

Over the months, Devale received 9,77,110 but the accused did not return the rest 40, 24,890 to plaintiff. He then went to the police and filed a complaint.

A case under Sections 420 (cheating), 406 (criminal breach of trust) and 34 (common intent) of the Indian Penal Code has been registered at Chinchwad Police Station. Police Sub-Inspector GD Mane from Chinchwad Police Station is investigating the case.

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