Nagpur: A senior citizen was duped of Rs 16.50 lakh by a fraudster promising high returns on investment in share market, Bajaj Nagar policesaid. Accused Abdul Kadir (38), a resident of Plot No. 301, Red HillsNampally, Hyderabad and Sai Ravind (23), a resident of Godavari, Andhra Pradesh were booked by the police on fraud charges acting on the complaint of Pradip Dattatreya Joshi (68), a resident of Plot No. 166, Shivaji Nagar.
A police official said that the fraudsters met Pradip at Seven Suites Service Apartments, AbhyankarNagar, in August 2021 and promised high returns on investment in share market. The accused had allegedly told Pradip that theyhad shares of Rs 50 crore to Rs 100 crore, police said.
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Pradip invested a total of Rs 16.50 lakhs in the fraudulent schemesof the accused persons. Later, he realised the fraud and lodged acomplaint. A case under Sections 420, 406 and 34 of Indian Penal Code was registered by Bajaj Nagar police.
