82-yr-old retired cop duped of 31 lakh - Wekalp Trade Solutions

82-yr-old rtd cop duped of 31 lakh

 An 82-year-old former police officer was left poorer by Rs 31 lakh after the returns on a get-rich quick scheme he had heavily invested in stopped abruptly last year.
    Laxman Awchat, a Mahim resident who retired as a senior police officer, lodged a complaint with the Mahim police station saying he had invested Rs 48 lakh in a 20-month money double scheme offered by an entity called Wekalp Trade Solutions in October 2010, but got back only Rs 17 lakh before the proprietor of the investment firm disappeared with his money.
    The police said Wekalp proprietor Mayank Dhruv had promised 100% returns in just 20 months if Awchat invested a large sum. They said besides the city, Dhruv had also opened offices in Nashik, where there were several cases of fraud against him.
    DCP (zone V) Dhananjay Kulkarni has formed a team led by inspector Bhausaheb Gite to catch Dhruv. “Many fraud cases were registered against Dhruv with the Nashik police after several people were duped of crores,” he said.
    Awchat was lured into investing with Wekalp after visiting the Dadar office of the company in 2010.