Agency owner held in 22.5L cheating case

Pune: The Nigdi police on Saturday arrested a 36-year-old private security agency owner on the charge of duping the wife of a central govt official of Rs22.5 lakh by promising double returns on her investments.The fraud happened in March this year. The accused has been charged under Sections 316 (criminal breach of trust), 318 (cheating), 336 (forgery), 340 (forged document or electronic record and using it as genuine) of the Bharatiya Nyaya Sanhita (BNS).An officer from the Nigdi police said the complainant and her husband came in contact with the accused in Feb this year. The accused told them to invest in his company and promised to return double the amount in 10 days," the officer said. He said that the accused gave a cheque of Rs25 lakh to the woman for security and took Rs22.50 lakh from her in March this year. But she did not get her money ever.