Nagpur News : Ambazari police has booked Dadar resident Paresh Cheda,48, for allegedly duping many city businessmen of Rs 25.50 by assuring them of high profit on investment in his company.
A fraud complaint was lodged by Laxmi Nagar resident Mahendra Singh Bharadwaj, 50. Bharadwaj claimed that he had came into contatct with Cheda in a business meeting where he lured him of providing high profit within 20 months of investment.
Cheda claimed to be owner of Young and Group company in Mumbai. He even opened a branch of his office at Bajaj Nagar.
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19 April 2025
Bharadwaj spread Cheda’s investment plan to his friend who too, invested high amount. The fraud amount is worth Rs 25.50 lakhs.
Bharadwaj has reported the matter to police a month ago. However, police registered a fraud case after initial investigation.
