Woman booked for duping postal scheme depositors of Rs 95 lakh in Navi Mumbai
Thane (PTI): A case has been registered against a postal savings scheme agent for allegedly duping depositors of Rs 95 lakh in Navi Mumbai, police said on Tuesday.
Based on a complaint, the Khandeshwar police on Sunday registered a first information report against the 60-year-old woman agent under sections 316(5) (criminal breach of trust) and 318(4) (cheating) of the Bharatiya Nyaya Sanhita (BNS), said assistant police inspector Sharad Pawar.
The offence relates to investments made between September 2014 and June 2025.
"The accused convinced five housewives to invest in various postal saving schemes, and they collectively invested Rs 95 lakh. The accused, however, diverted the money for her personal use and misappropriated the sum," he said.
The fraud came to light when the women sought to withdraw their deposits and the returns, the official said, adding that no arrest has been made and a probe is underway.
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India moving towards becoming global economic powerhouse: Kovind
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Amritsar (PTI): Former president Ram Nath Kovind on Friday said that with digital transformation, economic reforms and a strong focus on the ease of doing business, India is moving towards becoming a global economic powerhouse.
He was speaking after inaugurating the 19th edition of the Punjab International Trade Expo (PITEX) in Amritsar.
The former president said that this 19th edition of PITEX is being organised at a time when India is recognised as one of the fastest-growing large economies in the world.
Speaking at the inaugural ceremony of the event organised by the PHD Chamber of Commerce and Industry (PHDCCI) the former president, while referring to Punjab, said the state is a living example of courage, sacrifice and enterprise.
"The spiritual light of Sri Harmandir Sahib (Golden Temple) inspires peace and humanity across the world. The heritage of Punjab is deep and inspiring," Kovind said, according to a statement issued by the PITEX.
The former president congratulated the PHDCCI for hosting the 19th edition of PITEX and suggested that the chamber should expand PITEX outside Punjab.
He proposed that a similar event should also be held in New Delhi.
