You are here: Home » PTI Stories » National » News
Business Standard

Four booked for duping merchants

Press Trust of India  |  Thane 

Four persons from Mira Road here were booked for allegedly duping four merchants from to the tune of Rs 1.75 crore under the pretext of getting them good business in Dubai, police said today.

The four accused had wooed the victims by stating they will make good profit if they invested in rice business in Dubai, said Assistant Police Inspector B T Mote of Economic Offences Wing of District Police.



Between July 2015 and January 2016 the accused collected, by way of cash and cheque, a sum of Rs 1.75 crore from the four merchants, but failed to get them any business deals, he said.

They changed their places of residence and also did not return the money taken from the traders, who subsequently lodged a police complaint, Mote said.

Police gave names of the accused as Gulam Makbul Munshi, Dawood Makbul Munshi, Tahasin Gulam Munshi and Nilofer Dawood Munshi.

No arrest has been made so far, police said, adding investigations were on in the case.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Four booked for duping merchants

Four persons from Mira Road here were booked for allegedly duping four merchants from Mumbai to the tune of Rs 1.75 crore under the pretext of getting them good business in Dubai, police said today. The four accused had wooed the victims by stating they will make good profit if they invested in rice business in Dubai, said Assistant Police Inspector B T Mote of Economic Offences Wing of Thane District Police. Between July 2015 and January 2016 the accused collected, by way of cash and cheque, a sum of Rs 1.75 crore from the four merchants, but failed to get them any business deals, he said. They changed their places of residence and also did not return the money taken from the traders, who subsequently lodged a police complaint, Mote said. Police gave names of the accused as Gulam Makbul Munshi, Dawood Makbul Munshi, Tahasin Gulam Munshi and Nilofer Dawood Munshi. No arrest has been made so far, police said, adding investigations were on in the case. Four persons from Mira Road here were booked for allegedly duping four merchants from to the tune of Rs 1.75 crore under the pretext of getting them good business in Dubai, police said today.

The four accused had wooed the victims by stating they will make good profit if they invested in rice business in Dubai, said Assistant Police Inspector B T Mote of Economic Offences Wing of District Police.

Between July 2015 and January 2016 the accused collected, by way of cash and cheque, a sum of Rs 1.75 crore from the four merchants, but failed to get them any business deals, he said.

They changed their places of residence and also did not return the money taken from the traders, who subsequently lodged a police complaint, Mote said.

Police gave names of the accused as Gulam Makbul Munshi, Dawood Makbul Munshi, Tahasin Gulam Munshi and Nilofer Dawood Munshi.

No arrest has been made so far, police said, adding investigations were on in the case.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Four booked for duping merchants

Four persons from Mira Road here were booked for allegedly duping four merchants from to the tune of Rs 1.75 crore under the pretext of getting them good business in Dubai, police said today.

The four accused had wooed the victims by stating they will make good profit if they invested in rice business in Dubai, said Assistant Police Inspector B T Mote of Economic Offences Wing of District Police.

Between July 2015 and January 2016 the accused collected, by way of cash and cheque, a sum of Rs 1.75 crore from the four merchants, but failed to get them any business deals, he said.

They changed their places of residence and also did not return the money taken from the traders, who subsequently lodged a police complaint, Mote said.

Police gave names of the accused as Gulam Makbul Munshi, Dawood Makbul Munshi, Tahasin Gulam Munshi and Nilofer Dawood Munshi.

No arrest has been made so far, police said, adding investigations were on in the case.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard