Mumbai: Two arrested by Saki Naka police for cheating 1200 investors of Rs 30 crore

Saki Naka police arrested the chief executive officer and vice-president of a financial company based in Saki Naka who along with others allegedly cheated over 1200 investors to the tune of Rs 30 crore. The financial company cheated on the pretext of giving a higher return on investment.

Police said that Quirky Technology pvt ltd operating from Sagar Tech Plaza offered high monthly interest on investment for depositors. "They offered around 10 per cent monthly interest on deposits which attracted many investors," said Praveen Mane, police inspector.

Sumit Sharma, the CEO and Sumail Khan, vice president of the company were arrested on September 9 after some of the victims lodged a complaint with the Saki Naka police. Another office-bearer Rahul Saksena is absconding, said the police. "They had also hired some people at high salary and attracted investors through them," said Mane. They cheated around 1200 people between May 2017 to August 2018.

Prakash Sutar, one of the victims who lost Rs 2 lakh, said, "I got to know about the scheme through a broker and invested Rs 2 lakh in August 2018." He added that he got to know that those running the company had fled after he sought an agreement copy from their staffs.