Ahmedabad woman accuses investor of ₹15 lakh fraud
Updated: Dec 31st, 2024
A woman living in Satellite, Ahmedabad, has filed a police complaint alleging financial fraud of ₹15.32 lakh by an acquaintance who promised lucrative investment returns. The case registered at the Satellite police station, accuses Shrikant Ashok Brahmbhatt of deceiving her and her husband by exploiting their trust.
Mansi Vijay Parmar stated in her complaint that she and her husband first met the accused through a professional connection in 2019. Over time, Brahmbhatt gained their trust, frequently visiting their home and promoting an investment scheme that guaranteed substantial profits within six months.
As per the complaint, the alleged transactions began on June 24, 2024 and included cash payments, online transfers, and cheques totalling ₹15.32 lakh. Furthermore, the complainant claimed that jewellery worth ₹5.85 lakh was pledged with financial institutions to raise funds for the investments.
Despite repeated assurances from Brahmbhatt, the promised returns never materialised, and neither the principal amount nor any profits were repaid. Calls to his mobile number were met with excuses and delays.
The police reported that the complainant has provided supporting documents, including bank statements, passbooks, and jewellery bills to substantiate her claims. A preliminary investigation has been initiated under relevant sections of the Indian Penal Code related to cheating and breach of trust.
Senior police officials commented, “An FIR has been registered, and the complainant’s statement has been recorded in the matter. We are following due process to verify the claims and trace the accused.”
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