The mastermind of a Mumbai-based gang who cheated a woman by promising 50 percent profit on investment has been arrested by the Financial Offenses Wing of Nagpur Police. The arrested mastermind has been identified as Mohammad Jawad Farooq Bora (34) a total of four people from this gang have been arrested so far.
The name of the cheated woman is Swati. The accused lured her into a trap by telling her that Trend Profit Fund Scheme was an investment scheme. A 50 percent return on investment was promised. it included Dipankar Sarkar, Amjad Khan, Mandar Kolte, Chandrasekhar Ramteke, Pandurang Isarkar, Pramod Kadu, Pradeep, Suraj Dey, Mangesh Patkar, Bharat Suleman, Aman Pandey and Raju Mandal. Between June 2023 and October 19, the accused called her to their office near Sai mandir in Mandar and took 1 crore. But he did not give any profit to Swati.
As the accused was not giving profit, Swati demanded the full amount back. The accused got angry and threatened to kill Swati. Finally, Swati rushed to Dhantoli police station and filed a complaint against the accused. After preliminary investigation, the police had registered a case of cheating and conspiracy against all the accused. police arrested Mandar Kolte, Mangesh Patekar and Suraj De during the investigation. After the investigation, it was revealed during the investigation that Mohammad Jawad Farooq Bora is the mastermind of this racket.
When the Nagpur police searched for him with the help of Kashmiri police, he was found in a hotel. when he was detained and interrogated, he confessed to the crime. RS 8.63 lakh worth of valuables like important documents, currency counting machine, two mobile phones, car were seized from his house.