Mahim police on Tuesday arrested the director of a (fraud) money circulation company from Pune's Pimpri Chinchwad area for allegedly duping hundreds of investors by promising them double their investment in a year.
According to the FIR lodged by one Ganpati Rathod, Chandrakant Sopanrao Dongre, the director of Goa Wealth Financial Consultancy LLP, allegedly promised Rathod double the amount that he would invest in his company in a year's time. Rathod was also promised that every month a certain amount would be deposited in his account from the month he began investing.
“I met Dongre in 2012. I wanted to invest money somewhere and one of my friends suggested Dongre's company. I went to his office in Mahim. To gain my trust, Dongre showed me the registration certificate of ROC under ministry of corporate affairs, ISO certification, Pan number and the profile of his offices in Goa and United Arab Emirates (UAE),” said Rathod. “Dongre told me he was investing money in a news channel, a shopping mall and a bank.”
Rathod initially invested Rs 8.75 lakh.
“In the beginning for a few months I got the money as promised by Dongre in my account. When I saw returns coming, I told my colleagues and friends about the scheme,” said Rathod. “Later, I and my friends invested Rs 34.36 lakh. But after receiving the big amount, Dongre stopped paying us.”
When Rathod and his friends approached Dongre demanding their money, Dongre allegedly gave them various reasons for not being able to pay them on time. However, when they visited Dongre's Mahim office again, he had left the place.
“We later came to know that Dongre had opened another company in Pune by name 'Wealth Goa Group of Companies' and was carrying out similar operations there,” said Rathod.
The investors registered a complaint with Mahim police on November 9.
Mahim police believe Dongre has duped several people across the country. The amount involved could be in crores.
Senior police inspector from Mahim, Dastagir Mullah, confirmed Dongre's arrest. “We have till now received complaints from five people who have been duped of Rs 63 lakh. We expect the amount to go up and hope more people, who have been cheated, will register cases against him.”
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