The Navi Mumbai police have uncovered a stunning case of financial fraud, with a woman accused of swindling the Mumbai Metropolitan Region Iron & Steel Market Committee of over Rs 54 crore. The alleged perpetrator, posing as a high-ranking bank official, managed to deceive committee members into investing in a fictitious fixed deposit scheme, promising lucrative returns at an inflated interest rate.
According to the complaint filed by a committee official, the suspect approached members in June 2022, claiming to be a manager from a prestigious nationalized bank in Panvel. With falsified documents and a fake quotation, she convinced the committee to invest millions of rupees, issuing counterfeit receipts to maintain the facade of legitimacy.
When the fixed deposits matured, and the committee demanded repayment with interest, the accused failed to fulfill her end of the bargain, resorting to deceptive tactics. A forged letter from the bank’s treasury and investment department attempted to buy more time, further perpetuating the charade.
In response to the serious allegations, the Navi Mumbai police have initiated legal action against the accused, invoking sections of the Indian Penal Code related to cheating and forgery. As investigations unfold, authorities are working tirelessly to unravel the complexities of the fraudulent scheme and bring the perpetrator to justice. Stay tuned for more updates on this developing story.
