Mastermind Behind 1 Crore Fraud Case Nabbed by Economic Offences Wing
The Economic Offenses Wing (EOW) of the city police has apprehended the mastermind of Mumbai's 'cheater racket,' responsible for defrauding a local woman of 1 crore with promises of a 50% investment profit. The arrested individual, 34-year-old Mohd. Jawad Farooq Bora from Thane, had goods worth ₹8.63 lakh recovered from him.
Bora, the brains behind the fraudulent scheme, faces multiple fraud cases across various cities. The racket, involving Salman, Mandar Kolte (45), Aman Pandey, and associates, duped another city businessman of crores. Swati lured with promises of a 50% profit, was also deceived by the same group. After investing 1 crore and not receiving the promised returns, Swati filed a complaint with the Mastermind Behind 1 Crore Fraud Case Arrested by Economic Offenses Wing.
Following the registration of a fraud case, Kolte, Patekar, and Dey were previously arrested during the investigation. Recently, the Mastermind Behind 1 Crore Fraud Case Arrested by Economic Offenses Wing successfully located and apprehended Bora, the key figure in the fraudulent activities.
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