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.

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.