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As per the complaint lodged by an official of the Kalamboli-based committee, a woman approached members and office-bearers posing as a manager of a nationalised bank in Panvel in June 2022.
She gained their trust and lured them to invest the committee’s funds in fixed deposits, promising them a high interest rate after submitting a quotation with fake documents, the official said.
The members and office-bearers invested Rs 54.28 crore, and the accused woman issued fake and fabricated receipts for the same, he said.
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The accused also furnished a fake letter on May 24, 2024, allegedly issued by the bank’s treasury and investment department seeking more time to return the money and interest amount, he said.
The police on Monday registered a case under sections 420 (cheating), 465 (forgery) and other relevant provisions of the Indian Penal Code, the official said, adding that investigations are under way.