Two booked for cheating woman of Rs.4.6 lakh

The Matunga police are on the lookout for two persons who allegedly cheated a 38-yearold woman of Rs 4.6 lakh by promising to double the amount she invested with them within a span of a few months.
According to Matunga police, the two accused, Deepak Shah and Bharat Jain, told Lancy D’Costa they were traders and that they had a scheme where she could double the money she invested with them.

“They told her that within 90 days of investing a particular amount, she would get 100 per cent on the principal. Subsequently, after another three months, she would get 80 per cent on the principal amount invested,” said an officer. She was told that she would later also get the principal amount back, the police said.
The complainant believed the accused and made an investment of Rs4.6 lakh. They gave her a promissory note regarding the amount invested, but never returned her the money.
D’Costa, a Navi Mumbai resident, approached the Matunga police on Monday. An officer from Matunga police said that a case of cheating has been registered against the duo and the police were looking out for them.