Mumbai couple loses Rs 72 lakh in forex trading fraud; one held, two still at large
Mumbai (PTI): The Mumbai police have arrested a man for allegedly cheating a couple of Rs 72 lakh in a forex trading fraud, officials said.
A search was underway for two other accused individuals -- a man and his son -- in the case, they said.
The victims in their police complaint said they got in touch with the accused three years back.
The three accused told the couple, residents of Borivali in Mumbai, that they were major investors and ran a successful forex trading business. They claimed that many people had invested with them and earned significant returns, an official from Kasturba Marg police station said on Tuesday.
Trusting their assurances, the couple invested Rs 72.5 lakh in instalments between April and August 2022.
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Initially, the accused paid them some amount, but later stopped making payments. When questioned, they promised to repay the principal amount along with returns. But the cheques they issued bounced, and the accused stopped answering calls, the official said.
Following this, the victims filed a police complaint, based on which a case had been registered against the accused for criminal breach of trust, cheating, and other relevant charges.
The three accused went absconding soon after the case was registered, the official said.
The police managed to arrest one of the accused, Rajendra Nerlikar, on December 6 after tracking him for nearly two years, he said.
During interrogation, he confessed to luring several people in Mumbai and Kolhapur into forex trading investments and cheating them, the official said.
Search was on for the two other co-accused, hailing from Kolhapur, the police added.
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EC role, Hindu vote consolidation among factors for BJP win in Bengal polls: J-K CM Omar
Srinagar (PTI): Jammu and Kashmir Chief Minister Omar Abdullah on Tuesday attributed the BJP's West Bengal win to a "significant role" played by the Election Commission (EC), alongside a consolidation of Hindu votes and a fractured minority mandate.
Abdullah also said the INDIA bloc needs to define its role in the political landscape of the country and make it clear whether the opposition alliance was limited to the parliamentary elections or extended to the state elections as well.
Talking to PTI Videos, Abdullah hinted that the EC has compromised its neutrality by conducting the Special Intensive Revision (SIR) in West Bengal and linked it to the BJP's gains in the state, claiming large-scale deletion of legitimate voters.
On the performance of the BJP in the just concluded assembly elections, Abdullah said the saffron party has almost nothing to show in southern states.
"So then you look at West Bengal and Assam. Yes, the BJP improved its tally in Assam. There are various reasons for that. You know as well as I do, what those are. West Bengal, I think we need to look at the results very carefully," he said.
"The easiest explanation for the West Bengal result is the serious curtailing of voter list," Abdullah said.
"Voters found their names deleted. People who served in uniform and fought for this country on the borders, who were considered Indian citizens all their lives, were suddenly held to a higher standard and not allowed to vote. Something is not right," he said.
While alleging that the EC played a "significant part" in the results, the chief minister admitted the outcome was multifaceted and noted a consolidation of over 60 per cent of the Hindu vote towards the BJP and a "significant fracture" in the minority vote, particularly in seats where Muslims constitute over 50 per cent of the population.
"There is no doubt that the role of the Election Commission played a significant part in the results but we will also have to look at the other factors," he said.
He said the results of West Bengal cannot be compared to those in other states. "The situation was unique to West Bengal. The SIR that was done, the way in which the voter lists were changed, the sort of minute scrutiny that the Election Commission subjected West Bengal to, the role of the central investigative agencies.
"All of these are situations that at least in recent electoral history of India are unique to West Bengal. So to suggest that we can learn lessons from West Bengal and implement them in other parts of the country, I think would not be correct," he said.
Abdullah had recently said that if the West Bengal results throw a surprise, the role of EC will come under scrutiny.
However, during Tuesday's interview, the chief minister said he still maintains that electronic voting machines (EVMs) do not lead to vote theft.
"What we saw in West Bengal...I know there are a lot of people who believe that the EVMs themselves are flawed. I am not a proponent of that conspiracy theory.
"But I do believe that the Election Commission has done itself no favours in the way in which it has gone about both the process of delimitation and the process of finalisation of electoral rolls," he said and cited the example of delimitation exercise in Jammu and Kashmir or Assam.
"These are clear examples of how the process was done to benefit one party or in the case of Jammu and Kashmir, one party and its allies. And the results speak for themselves. You created seven new seats in Jammu and Kashmir and out of those six seats were won by the BJP. You redrew assembly constituencies to benefit one particular party or its allies. And the same is true for West Bengal as well," he said.
Referring to the INIDA bloc, he said the election results were no new message for the alliance.
"We need to decide what the INDIA bloc is for. Is it only for Parliament or for state elections as well?" he asked.
"What happened in West Bengal is unfortunate. The Congress and TMC fought against each other. Now the Congress agrees with Mamata Banerjee that 100 seats were stolen, but the fact is they fought each other," he said.
Despite the friction, Abdullah reaffirmed the "pre-eminent position" of the Congress within the opposition alliance, dismissing the idea of any other party assuming the mantle.
"The Congress is the only party other than the BJP with a pan-India presence. All of us acknowledge this," he stated.
"To suggest someone else can assume a leadership role would be incorrect. Kharge Sahib is the president of the Congress, and by virtue of that, he assumes leadership of the INDIA bloc meetings. That is the way it should be," the chief minister said.
Abdullah said any 'Common Minimum Programme' would depend on whether the opposition alliance decides to fight state assembly elections collectively, noting that he would share his specific views with the bloc internally rather than through the media.
