Massive Interstate Fraud Uncovered: Mumbai Businessman Duped & Threatened

A nine-member interstate gang has allegedly defrauded a Mumbai businessman of around Rs 3.25 crore, engaging in both cheating and extortion, according to police officials. The businessman was reportedly assaulted and threatened after being lured into investing with false promises of high returns.

The case, registered under various sections of the Bharatiya Nyaya Sanhita, involves residents of Mumbai, Odisha, Bihar, and Jharkhand. The victim, who operates a private enterprise, was introduced to the accused posing as brokers, convincing him to invest in a company named Arkship Group.

After transferring Rs 1 crore, the funds were misappropriated. Upon confronting the gang, the businessman faced threats of violence, resulting in an additional Rs 2.25 crore being extorted. The case is now under the Mumbai Crime Branch's investigation, revealing ties to a larger interstate network.