A guest teacher in Ujjain, Madhya Pradesh, was duped of Rs 50 lakh by a gang of thugs from Indore.
The victim of fraud told the police that she knew both the thugs whom she used address as brother.
The accused told the teacher that they run an advisory financial company called Capital Share Research in front of the C21 Mall in Indore. “On their advise, I invested money in share market for more profit promised by them,” the teacher told the police.
Vineet Chauhan, a resident of Alkananda, had complained to the Nanakheda police station. According to the applicant, Mahendra Goswami of Tonk Sargaon Sanawad and Pankaj Khanchandani of Lavkush Awas Vihar Sukhlia Indore took 50 lakh rupees by luring to invest in the stock market.
A case of cheating lakh has been registered against both the accused under Crime no. 51/2021 Section 420,409,406 at Nanakheda Police Station in Ujjain.
Having lured the teacher to good earnings in the stock market they grabbed about 5000000 in 11 months.
\FIR has been lodged
Sub-Inspector Santosh Pathak, posted at Nanakheda Police Station, said that money has been taken from the teacher in several times. A report has been lodged. The search for the absconding accused was going on.