The accused trio has been identified as Rahul Patil, Rahul Rampat and Vicky Agrawal
The CBD Belapur police have booked three men for allegedly embezzling money from many investors by promising them of returning a good profit margin. The accused trio has been identified as Rahul Patil, Rahul Rampat and Vicky Agrawal. The complaint registered by a 40-year-old account manager of a private company, Arjun Kute stated that the accused trio lured investors and operated a ponzi scheme by the name 'Daily Bank Account' which promised people to get good returns with interest.
According to Kute, in February 2017, he got in touch with Patil after a close relative gave his reference to explore more business opportunities. The duo had a meeting in Andheri where Patil told Kute about his firm 'Arihant Consultancy' which was a specialised company that invested money into the currency and share markets. He assured that all the investors got their shares on time including the profit added with appropriate interest rates.
"Patil told Kute that the amount of investment depends on him, but higher the amount, higher shall be the return in future. Kute along with few other people met Patil and his partner Rampat at Belapur office. Kute initially invested Rs 2.50 lakh and within 19 days, he received Rs 95,000, so he again invested the same amount. This time the money didn't come back. When he enquired, Patil said that his company sank in loss and gave a cheque to refund the amount, that too bounced," said a police officer.
Patil before absconding referred all the investors to contact Agrawal, owner of Pancer Trading. Agrawal told Kute that his company shall ensure that the money comes back to the investors. He proposed a more luring investment offer. Kute pooled in Rs 14 lakh in his firm out of which he received a nominal return following which, Agrawal too absconded with the money.
"Total amount of money of investors misappropriated is Rs 11,77,300. No arrest has been made yet. The case is registered under section 420 of the Indian Penal Code and section 3 and 4 of Maharashtra Protection of Interest of Depositors. Further investigation is underway," added the officer.
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