Business Scam Allegations: Two Booked in Thane Over Rs 47 Lakh Fraud

Two individuals in Thane, Maharashtra, have been booked for allegedly cheating a resident out of Rs 47 lakh in a fraudulent business deal. The accused, Salman Afroze Qureshi and Alshad Jakuddin Qazi, reportedly had the victim mortgage his gold jewelry but failed to deliver on promised returns.

Thane district authorities in Maharashtra have taken action against two individuals for allegedly defrauding a local resident of Rs 47 lakh in a deceptive business proposal. The incident occurred between December 2020 and April 2021.

According to police, the accused, Salman Afroze Qureshi and Alshad Jakuddin Qazi, convinced Ismail Rizwan Mandekar to mortgage his gold jewelry in exchange for a stake in a catering venture. Despite repeated follow-ups, the accused failed to honor their commitment.

Sub-inspector Vijay More is currently overseeing the investigation to bring clarity and justice to the victim, according to officials from the Narpoli police station.

(With inputs from agencies.)