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Rajkot: A 51-year-old widow living in Morbi and her son were allegedly cheated of Rs 61 lakh by their tenant who promised to invest their money in systematic investment plans (SIPs). The widow, Ranjan Jha, lodged a complaint against the tenant Nikhil Chandarana on Sunday.
Jha told police that Chandarana, who claimed to be an employee of a private bank, encouraged her elder son Saket to invest through SIPs ever since he hired her apartment in September last year. Saket worked in a private company in Ahmedabad and his younger brother lived with their mother in Morbi.
Initially, Chandarana managed to convince Jha to transfer Rs 45,000 to him. Later, the accused started misleading Jha that income tax department might initiate an inquiry against her if she has a large sum of money in her bank account or other saving schemes. Chandarana’s ploy worked as Jha withdrew money from her bank account and also from all her deposits in postal department and LIC and gave the money to ....

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