Mumbai, April 9 A couple has been arrested for allegedly cheating eight people of Rs 6.71 crore after promising them high returns in an import-export scheme, a Mumbai police official said on Thursday.
The official at the Kasturba Marg police station identified the accused as Siddharth Khushal Poladia and his wife, Tejal Poladia.
"They were arrested on the complaint of Borivali resident Hiren Shah, who is a clothes trader. His relatives Chirag Shah, Sachin Shah, and Minesh Shah were also duped. Others who have been cheated are Santosh Shukla, Nilesh Pandey, Hardik Lapasia, and Kartik Lapasia," the official said.
The complainant invested Rs 5 lakh and received monthly returns, after which he invested Rs 1.4 crore, the official said.
"Others also invested in the import-export license service scheme floated by the accused, bringing the total investment to Rs 6.71 crore. When the investors stopped receiving returns from last August, the couple told them that the money had been invested in drugs. This statement is being verified," the official said.
Further investigation is underway, according to police.
