Fraud of 75 lakhs from retired company president … Private bank employee had given investment in the stock market

A private bank’s wealth manager in Mumbai cheated Rs 75 lakh from the retired company President (Retired Company President). The accused had prevented a return of 12 percent in the name of investment in the stock market. After this, when the victim did not get any return on investment and the accused refused to return the money, the case lodged a complaint at Juhu police station. The police have registered a case and started searching for the accused.

According to the agency, the victim’s salary account was in the same bank where the accused was working as a wealth manager. Police say that for the last ten years, the accused was in touch with the victim. He took advantage of the trust by winning the trust.

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The accused told the victim that if he invests in the stock market, he got 12 percent returns in lieu of this. In the greed of this profit, the victim decided to invest. After this, the accused invested Rs 75 lakh from the victim between August 2023 and November 2024.

The victim transferred money from his savings and fixed deposits, but after that he neither received any return nor returned the money. When the victim tried to ask for the money back from the accused, he first deferred and then stopped picking up the call. When the victim realized that he had been cheated, he lodged a complaint at Juhu police station in Mumbai. The police have registered a case under the sections of fraud in the case and started searching for the accused.