Fraud Case Registered Against Uttar Pradesh Man for ₹3 Lakh Scam in Nagpur
Nagpur, India: Nagpur police have registered a financial fraud case against a man from Uttar Pradesh who allegedly duped a resident out of ₹3 lakh under the pretence of lavish returns from an airline ticketing business.
The complainant, Mohammad Riaz Mohammad Ayaz, a 31-year-old resident of Shakeel Layout, Godhni, Nagpur, alleged that the accused, Mohammad Muzaffar Mohammad Parvez, introduced himself as an entrepreneur involved in airline ticket sales through MMAR Signal Touch System Pvt. Ltd., Delhi.
The accused promised Riaz monthly returns of ₹9,600 on investments and gained his trust by formalizing the agreement on a ₹50 stamp paper. Over a period between November 14, 2023, and August 26, 2024, Riaz transferred a total of ₹3 lakh to the accused’s bank account. Initially, the accused delivered on his promise, paying ₹28,800 in returns over three months. However, he soon ceased communication and switched off his phone, leaving the complainant in financial distress.
The case was registered at Mankapur Police Station under Section 420 of the Indian Penal Code for cheating and breach of trust. Sub-Inspector Waghode, who is leading the investigation, stated that efforts are underway to track down the accused and recover the funds.
Authorities have urged citizens to exercise caution and thoroughly verify claims before making financial investments.
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