Nankheda police have booked two men who duped a female contractual teacher with government school to the tune of Rs 50 lakh in the name of advisory company investing in share market. The police have booked Pankaj Khanchandani and Mahendra who operate advisory company of share market and duped the victim Vinita Chouhan.
Police said that the victim was offered investment in share market and was assured good retuned and after he got assured, he used to provide money in parts which was total of Rs 50 lakh. The victim provided cheques from 10 July 2019 to 17 June 20 at different times.
During the investigation it was found that the victim asked for return on the investment but the accused failed to provide. The money invested went in loss claimed the accused. A complaint was filed regarding the fraud and after completion of the investigation the police have registered a case under section 420 and 406 of the IPC.
The police have started further investigation and started search for the accused who went absconding and still at large.
The main accused Pankaj operates Capital Share Research Advisory Company and also runs office in Indore which provides advisory on selling and buying of shares. The victim was offered a good return and in parts she invested a total of Rs 50 lakh but never got good return or refund of money.