Jaaved Jaaferi’s wife allegedly duped of ₹16.24 crore in investment fraud case

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Mumbai: The Mumbai Police’s Crime Branch has begun an investigation into a major investment fraud involving actor Jaaved Jaaferi’s wife, who has reportedly been defrauded of Rs 16.24 crore.

Officials said that the case is about an investment scheme that assured very attractive returns, and how the culprits convinced people to hand over huge amounts of money.

Ultimately, the money was lost.

During the investigation, officials discovered the alleged role of a Brihanmumbai Municipal Corporation (BMC) official who has been suspended from service.

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It is possible that many other people might have been part of the conspiracy, and so, the Crime Branch has started to investigate the entire investment.

The Crime Branch team is also conducting raids at many places to track down the suspended official and other accused involved. The cops are seizing documents and digital evidence to trace the money.

This case has garnered immense attention due to the high-profile name and huge amount involved. Investigators are also checking if there have been other victims of the same scheme.

Officials warn against investing in schemes that promise unrealistic returns.

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