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Investment scam: Couple cheats over 75 people of Rs 5 crore

They promised hefty returns on fixed deposits at the post office and mutual fund schemes in two companies run by them

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Accused couple Manish and Vandana Chauhan

Accused couple Manish and Vandana Chauhan

The Dindoshi police are on the lookout for a couple who have cheated more than 75 people out of Rs 5 crore by promising them hefty returns on fixed deposits at the post office and various mutual fund schemes in two companies owned by them. The couple, who is currently absconding, has been identified as Manish Chauhan, 50 and his wife Vandana, 46. They are residents of Goregaon East.

The Dindoshi police said the couple approached a woman Urvashi Patel in 2018 and told her that they had been working at the post office for the past 15 years. Patel said that they had promised her good returns on a fixed deposit amount of Rs 25,000. Vandana then told Patel that they owned two private companies—Niyoni 

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