A businessman from Ahmedabad was allegedly cheated out of Rs 3.10 crore by two men who promised to help him secure an EB-5 visa for the US. The businessman, Yogesh Patel, signed a pact with the accused, Vikram Vaghela and Mohit Shah, and paid the money between 2014 and 2015. Despite providing all necessary documents,…
The Economic Offences Wing of Mumbai Police has closed a fraud case against Nirmal Lifestyle directors Dharmesh Jain, Rajeev Jain, and Puja Jain after they refunded money to investors and filed consent terms. The case involved failure to deliver promised flats and dishonoured refund cheques. The settlement agreement led to the closure of the case,…
A major scam involving DB Stock Broking has hit Hyderabad, with investors losing significant amounts of money to the fraudulent online stockbroking company. The prime accused, Deepankar Barman, started the company in 2018 and attracted clients with high-interest schemes. Victims from Hyderabad and across India have reported losses, with many still waiting to receive their…