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States » West

6 arrested for Rs 10 crore ponzi fraud in Thane

Thane, Dec 6 (UNI) At least six people, including the chairman and MD of a firm, have been booked for allegedly being part of a Ponzi scheme in which people were duped to the tune of Rs 10 crore,
police said.
The arrested were identified as Chairman Shivaji Nikade, MD Ganesh Hazare and other directors including Lukman Shiakh, Sachin Gosavi, Mukesh Sudesh and Sulindra Chavan, police said.
It was in 2013, one of the friends of the complainant came to him and told him about ' Atharva 4 U Infra' and 'Agro Pvt Ltd' and investment opportunities and said that as an agent, he was getting all kinds of perks including bungalow, car and Rs 3 lakh as commission.
The complainant was told that besides Mumbai, the company had branches in Thane, Panvel, Talasari, Satara, Uran, Wada, Dahanu, Virar, Kolhapur, Roha, Ratnaigir, Solapur, Gujerart, Rajastan and Karnataka, among others.
Since 2010, he had been investing in the firm in the form of FDs and RDs and his relatives and friends had also invested in the firm.
Initially, incentives were provided but later they did not get any, following which one of them lodged a complaint against the company.
Police on Wednesday arrested six people in this connection.
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Swabhimani Shetkari Sanghatana protests over farmers' demands in Aurangabad

16 Sep 2019 | 5:52 PM

Aurangabad, Maharashtra, Sep 16 (UNI) Swabhimani Shetkari Sanghatana(SSS) on Monday took out a march to the Divisional Commissioner Office(DCO) here so as to raise the demands of farmers and students.

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Not interested in post of Governor: Pratapsingh Rane

16 Sep 2019 | 5:41 PM

Panaji, Sep 16 (UNI) Former Chief Minister and MLA Pratapsingh Rane on Monday refuted reports that he would resign as a legislator and would be appointed Governor of Haryana.

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16 Sep 2019 | 5:20 PM

Following observations for the past 24 hours were recorded at 0830 hours on Monday:
Temperature (deg.

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Strong winds likely over parts of Arabian Sea; fishermen advised to stay away

16 Sep 2019 | 5:20 PM

Pune, Sep 16 (UNI) Strong winds with speed reaching up to 40-50 kmph is likely over western parts of westcentral and southwest Arabian Sea in the next 24 hours, the India Meteorological Department (IMD) has warned.

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BEST gets first fleet of mini AC bus from batch of 400 such vehicles

16 Sep 2019 | 5:00 PM

Mumbai, Sep 16 (UNI) The Brihanmumbai Electric Supply and Transport(BEST) on Monday received the first fleet of 21-seater or mini AC bus.

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