Police have arrested the landlord of a excursion running company for allegedly dishonest the aspirants of Haj and Umrah pilgrimages through in the hunt for investments from them to the music of over Rs 2.70 crore at Bhiwandi the city in Maharashtra’s Thane district, an legitimate mentioned on Saturday.
The motion used to be taken through the Financial Offences Wing (EOW) of the Thane police’s crime department, he mentioned.
The accused has been known as Naseer Abdul Shakur Shaikh, 46, the landlord of Al Haram Global Excursions and Travels, the police mentioned.
Other people had approached him for occurring Haj and Umra pilgrimages. Shaikh had taken cash from them for making preparations for pilgrimages. On the other hand, he later lured them into making an investment cash into some personal corporations and promised to offer them profitable returns. On the other hand, he failed to go back their cash. The volume concerned within the case is Rs 2,70,09,470, they added.
He used to be booked underneath IPC segment 420 (dishonest) and others and likewise underneath the Maharashtra Coverage of Passion of Depositors (in Monetary Institutions) Act, 1999, and arrested from Kalyan on October 5, the police mentioned.
An area court docket remanded him police custody until October 12, they mentioned.