💨 Abstract

A retired company president was defrauded of Rs 75 lakh by a wealth manager of a private bank, known to the victim, who promised high returns on share market investments. The victim transferred the money between August 2023 and November 2024 but did not receive any returns. The accused stopped taking the victim's calls and was reported to Juhu Police, who registered a case of fraud and launched a search for the wealth manager.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖