4 arrested for cheating 80 people to the tune of ` 2 cr

The Economic offences Wing (EoW) of Crime Branch unit one of Navi Mumbai police arrested four persons for allegedly cheating more than 80 persons to the tune of Rs 2 crore on the pretext of doubling their money in 20 months. However, after taking money, they did not return money to many investors. Police said that there might be more persons who were cheated by them. The arrested were identified as Vanita Abhijit Patil, 40, Abhijit Madhukar Patil, 42, Mukund Ashok Puranik, 39, all three are residents of Kamothe and Yogesh Rajaram Bilaye, 48, a resident of Kalamboli. Around 20 investors complained to Navi Mumbai police about the cheating af ter they did not receive money from the investment company.

Police said that they were running three investment companies and used to receive deposits with a promise that money would double the money in 20 months. In addition, they also used to offer 2 percent additional benefits if they bring investors. Police said that so far around 80 investors complained about the cheating to the tune of Rs 2 crore.

Based on the complainant, police arrested Abhijit, Mukund and Yogesh in the wee hours of January 19 while Vanita was arrested in the af ternoon. Yogesh is the manager while three others were owners of the investment companies. The name of three companies is Vanita Enterprises, Trishul Gold Private limited and Trishulin Trading Private Limited and they were operating from Brahma Shopping centre in sector 15 in Belapur.