Five Arrested for Cheating Thane Trader of ₹30 Lakh in Fake Dealership Scam
Five booked for cheating trader of Rs 30 lakh with fake dealership offer
News 18
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Five individuals have been booked for allegedly cheating a trader in Thane district, Maharashtra, out of ₹30 lakh (approximately $36,000 USD) by promising a dealership for herbal liquor products. The accused provided forged documents and failed to deliver on their promises, leading to a police investigation.
- 01Five individuals have been charged for cheating a trader in Thane district, Maharashtra.
- 02The trader was promised a dealership for herbal liquor products from Herbal Distilleries Pvt Ltd.
- 03The accused used forged documents to lure the trader into investing ₹30 lakh.
- 04No arrests have been made yet, and the investigation is ongoing.
- 05The trader reported verbal abuse and threats from the accused.
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In Thane district, Maharashtra, five individuals have been booked for allegedly defrauding a trader of ₹30 lakh (approximately $36,000 USD) by promising him a dealership for herbal liquor products from a company named Herbal Distilleries Pvt Ltd. The trader filed a complaint stating that between February and July 2021, the accused—Pawan Dashrath Hagavane, Sharad Rambhau Gaikwad, and Mahendra Piraji Khilare—approached him with a fake distributorship offer. They presented forged documents, including a letter supposedly signed by the company's CEO, and claimed to be authorized representatives. The accused also showcased sample packaging and images of the products to entice the trader into investing. However, after the trader paid the money, they failed to provide any valid license or dealership rights, and he faced verbal abuse and threats from them. Currently, no arrests have been made, and police are actively investigating the case to locate the accused.
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This incident highlights the risks of investment scams in the region, potentially affecting local entrepreneurs and investors.
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