RAJKOT: As many as 60 people including six retired army men lost over Rs 10 crore as they were cheated by a firm on PN Marg in Jamnagar promising high returns on investments in the stock market.
One of the victims Ranveerpratapsinh Darbar lodged a complaint against seven persons identified as Hiren Dhabba, Mahendra Dhabba, Jay Dhabba, Asha Dhabba, Hasmukh Parmar, Tausif Sheikh and Sangeeta on Wednesday. Four of the accused are owners of the firm while Parmar, Sheikh and Sangeeta used to work there as accountants, police said.
Darbar alleged that he was lured to invest money through the firm as they promised 10% returns every month on the invested money. Darbar came to know about the firm through an advertisement pamphlet in 2019 which mentioned ‘Invest in stock market and fulfil your dreams’. Darbar initially invested Rs 33 lakh and he even received interest on investment during the initial months.
The Bicchu gang is involved in organized
Vadodara: The city police arrested 14 members of the notorious Bicchu gang and booked them under the Gujarat Control of Terrorism and Organized Crime Act (GujCTOC). This is the first case under GujCTOC in Vadodara city.
Crime branch sleuths said that the Bichhu Gang had been spreading terror among the citizens, especially the traders community since many years.
“Recently members of this gang committed two loots in the city. It was very audacious of them and scary for the citizens. When the accused were arrested, I asked my team to dig out all the details of this gang,” said Shamsher Singh, city police commissioner.