Thane, Mar 8 (UNI) The city police arrested the director of a company on the charge of allegedly cheating investors in land deals to the tune of Rs 3.15 crore.
An offence under sections 420, 409, 406 and 34 of Indian Penal Code has been registered against the arrested accused, Santosh Naik (52), police said.
He along with other director in Disha Direct Marketing Services Private Limited, his wife Sujata, dealt in sale of plots in Thane district.