Mira-Bhayandar-Vasai-Virar Police have exposed a major financial fraud case involving a fake ₹50 crore investment scheme. Two accused have been arrested, and further investigation is ongoing.
Case Details
The fraud occurred between August 29, 2025, and March 12, 2026. The accused lured the victim by promising a ₹50 crore investment in a company and showed fake documents, including a fabricated receipt of 28 lakh USD to gain trust.
The victim was cheated of ₹34.20 lakh through bank transfers and cash payments. A case has been registered under multiple sections of the Bharatiya Nyaya Sanhita (BNS).
Police Action
The case was investigated by Crime Branch Unit-4. Police arrested two accused:
• Vinod Kumar Asaram Yadav (Uttar Pradesh)
• Dilip Indukumar Mamtaora (Mumbai)
Police have also recovered ₹34.20 lakh from the accused during investigation.
Criminal Background
Investigation revealed that the main accused has previous fraud cases registered in Mumbai (2017 and 2023), indicating a history of financial crimes.
Ongoing Investigation
Police suspect more victims may be involved in this scam. Further investigation is underway to identify additional accused and victims.
Conclusion
This case highlights the rising threat of investment frauds. Authorities have advised citizens to stay alert and verify investment offers before trusting such schemes.