In the name of a company Motilal Oswal Financial Services Ltd. Mumbai, A woman was cheated of Rs4.5 lakh. He committed fiscal fraud by taking plutocrat on the rationale of buying shares and stopped taking phone calls. The incident takes place between January 12th and 14th of April in Pimple Nilakh, (Pimpri Cheating Fraud Case) Pramod Gaikwad. A case under Sections 406 and 420 of the IPC has been registered against him. The 35- time-old woman has lodged a complaint at Sangvi police station.
The indicted, linked as Pramod, used to work for Motilal Oswal Financial Ltd. He was a representative of the company. He talked to her for a time and gained her trust. Pramod advised the plaintiff to buy 6,360 unrecorded shares of the company for Rs05 lakh. The woman agreed to buy the shares. Pramod pretended to be a Moreshwar Corporation company with Motilal Oswal company.
The indicted took the plutocrat from the plaintiff in the bank account of Moreshwar Corporation Company information got by the police investigation. The woman has not been given any share since also, she said legal action will be taken against him. At that time, Pramod gave 50 thousand rupees to the woman. According to the plaintiff, Pramod also stopped taking her calls and duped her of the remaining Rs.4.5 lakh. further investigation is being conducted by Assistant Police Inspector Ambika Dhaste.