Nagpur: An offence of cheating and criminal breach of trust was registered at Sitabuldi police station on Saturday against Sushil Kolhe and his brother Pankaj for duping several investors to the tune of Rs30-35 crore.
It’s learnt the Kolhe brothers had set up a digital advertising firm at Sitabuldi in which they had invited investors, luring them with promise of high returns in the form of benefit fund sharing. Sources in the police department said there are more complaints against the Kolhe brothers.
The brothers had promised high returns through royalties and also bonus. In order to convince the investors, the brothers had also entered into formal agreements with them. Apart from the city, several investors from other cities too had invested in their scheme.
The Kolhes had started defaulting on payments and returns, leading to the complaints. Nagendrasingh Thakur, a native of Madhya Pradesh, had approached home minister Anil Deshmukh at his complaint redressal camp in city. His case was referred to an officer of DCP rank for further investigation.
After a detailed investigation, the case was referred to Sitabuldi police station where an offence was registered under relevant sections. Senior inspector Atul Sabnis of Sitabuldi police station said the case would be referred to economic offences wing of the crime branch.