Several Ladies Cheated In Financial Fraud!
Share Market is known for multiplying money quickly but, tragically, the financial illiteracy of the people helps unscrupulous brokers to cheat people easily. Recently, several ladies in Mulund, Bhandup, Kanjurmarg and its suburbs were left in the lurch after two brokers who promised them lucrative returns in a short period, escaped. The ladies claim the police are also not co-operating with them and dilly-dallying for lodging a complaint.
According to reports, the scamsters behind the financial fraud are Mukarram Ansari and his aide, Meena Jadhav, who enticed ladies to multiply their money in a short period. Lured by the greed to make easy money in a short time, many ladies invested their hard-earned money, but were left dejected when the duo escaped with their money.
According to reliable sources, the financial fraud racket had been in operation for the past two years. Meena Jadhav, a Nahur resident, would visit areas that were inhabited by underprivileged ladies. She would target low-income ladies. She would gather and educate them about the share market. She would show them rosy dreams and urge them to invest a nominal amount of just Rs. 500/-. Since the amount was quite small, several ladies from Mulund, Bhandup, Kanjurmarg, Vikhroli and other suburbs invested Rs. 500/-, trusting her. A few days later, Jadhav, in the name of registration, took Rs. 10,000/- from each lady as a deposit.
Meanwhile, Mukarram Ansari operated a con company, Alfa Gold, and enticed many women to buy its shares and increase money in a short time. However, after 4 -5 months when the ladies did not get any return, they confronted Meena Jadhav but she convinced the ladies that they would get benefits but they must invest a little more money. Hence, some ladies even mortgaged their jewellery and invested money in the hope of getting high returns.
In order to win the confidence of the ladies, Mukarram Ansari issued HDFC Bank’s D.D.s of Rs. 15 lacs to each lady. However, he asked the ladies to encash the DDs only after issue of the share certificate. The idea worked and the ladies were satisfied. However, soon the truth of the fraud DD was exposed when a lady went to her bank to encash the DD. The bank discarded the DD claiming it ‘Fraud’! Shattered, the lady informed everybody about the fraud DD. Thus, ladies got together and lodged a police complaint against the duo at Kanjurmarg Police Station. However, the ladies lament that the police is not taking any appropriate action against the accused.
When Home Times contacted Kanjurmarg Police Station, the officials informed that they have received the complaint and are investigating the fraud.
