Cheating cases involve mainly share market, credit society, multi-level marketing and others
Cheating cases in the state have reached gigantic proportions. In a shocking revelation, the state Criminal Investigation Department (CID) said that the total amount involved in all cheating cases is Rs81 billion (Rs8,100 crore). This figure is almost double the Pune Municipal Corporation (PMC)’s annual budget of around Rs41.67 billion (Rs4,167 crore).
Moreover, the cheating amount in the nine months of this year is almost thrice the amount for last year. In 2012, about 5,100 cheating cases were registered and the amount cheated was Rs30 billion. While the number of cases is less this year, the amount has almost tripled, the CID officers said.
The officers said that cheating in share markets, credit cooperative society (CCS) and multi-level marketing (MLM) cases are the main reasons for increase in the amount.
The state CID takes details of cheating cases from all police commissionerates and rural police headquarters of the state. Thereafter, the CID studies trends of the cases and accordingly issues circulars to commissionerates and headquarters in the state.
Additional inspector general of police (CID) Prakash Mutyal told dna, “The amount involved in cheating cases in the state has increased drastically this year. The main reason behind this is cheating in share markets. In September, the total amount of cheating in shares is Rs56 billion which is a huge amount.”
“Cheating cases involving CCS are also on the rise, especially in Jalgaon and Vidarbha,” Mutyal added.
As per the CID findings, all the share markets cheating cases are registered in Mumbai, Thane, Thane rural and Pune city. In such cases, the fraudsters take money from investors and do not return it. Also, fraudsters come up with fake schemes, lure people to invest in them and do not return the amount.
In cases of CCS, the directors grant big loans to relatives and family members without taking any guarantee from them. Such cases get registered only after completion of the annual audit of the CCS.
When asked about steps taken to curb cheating, Mutyal said, “We hold a meeting of all police commissioners, deputy commissioners of police (DCP) crime and additional superintendents of police of rural headquarters. We give them specific instructions to curb cheating cases.”
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