Maharashtra Man Dupes 100 Of Rs 59 Lakh With Ponzi Scheme: Official

Accused Anand Konar, who is on the run, had floated a investment firm in Naupada, an official said.

Maharashtra Man Dupes 100 Of Rs 59 Lakh With Ponzi Scheme: Official

Efforts are on to catch the accused, the Naupada police station official added. (Representational)

Thane:

A man in Thane city has been accused of duping some 100 investors to the tune of Rs 59 lakh by promising them high returns, a police official said on Friday.

Accused Anand Konar, who is on the run, had floated a investment firm in Naupada, the official added.

Efforts are on to catch him, the Naupada police station official added.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)