Charges Filed Against Two Construction Company Owners for Defrauding Thane Family of Rs 1.2 Crore
Thane, 13th November 2024: Police have filed charges against two construction company owners for allegedly defrauding a family in the Thane district of Rs 1.2 crore, officials reported on Wednesday.
A 28-year-old woman from Rabodi filed a complaint stating that the accused, two brothers running a construction firm in Mumbai’s Bandra area, persuaded her, along with her mother and sister, to invest in their company by promising substantial returns.
On December 31, 2022, the accused convinced the family to invest Rs 1.2 crore with the assurance of a payout of Rs 3 crore within five years or the option to receive two or three flats in Bandra. To invest, the family took out loans from various sources.
However, when the family requested the return of their investment and profits in May, the accused not only refused but also threatened them, claiming to have powerful connections.
Based on the complaint, a case has been registered against the two brothers under sections 420 (cheating), 406 (criminal breach of trust), 506 (criminal intimidation), and 34 (common intention) of the Indian Penal Code, as well as under the Maharashtra Protection of Interest of Depositors Act.
