In a significant ruling, a special court in Thane district, Maharashtra, sentenced Ramkrut Munshi Yadav, Director of Simbak Agro Plantation Ltd., to three years of rigorous imprisonment for orchestrating an investment fraud. The court also imposed a fine of ₹2 lakh (approximately $2,400 USD) and directed the government to auction Yadav's seized properties to repay over 200 investors who were defrauded. The court found Yadav guilty of criminal breach of trust and violations of the Maharashtra Protection of Interest of Depositors Act (MPID Act), confirming that he misappropriated funds from investors who were promised substantial returns and tax advantages. The case dates back to 1992, when Yadav lured investors into various schemes, but the company abruptly closed in July 2002, leaving investors without their promised returns. While Yadav was convicted, two other accused were acquitted due to insufficient evidence of their involvement in daily transactions. The court has mandated the Thane Collector to initiate the auction process and report compliance within three months.