Trio dupe 12 investors; arrested from Bhuj

Pune: Three persons were arrested from Gujarat on Monday on the charge of duping 12 investors of around Rs3.6 crore between 2013 and 2019, promising to double their money.

“The suspects, Deepak Kumar Charandas Joshi and his sons Deepak and Hiren from Sahyognagar at Bhuj in Gujarat, were on run after the Pune rural police had registered an FIR related to cheating on September 25, 2020. After the Loni Kalbhor police was merged with the Pune police, we worked on certain clues and took them into custody. We have brought them to Pune for investigations,” said deputy commissioner of police (Zone V) Namrata Patil.

Senior inspector Rajendra Mokashi from the Loni Kalbhor police said, “Joshi and his two sons floated four investment companies and lured people to invest in them to get double returns. The suspects collected money from people residing in Loni Kalbhor and Uruli Kanchan but failed to give them the promised returns.”

Mokashi said, “The trio silently closed the companies in 2019 and their whereabouts were not known after an investor lodged a complaint.”


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