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Man arrested in Thane for cheating investors of Rs 47 lakh

Thane police have arrested Zakir Ali Kazi, a man accused of defrauding 10 people of Rs 47 lakh by promising high returns on investments in his car business. His son remains at large

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A man accused of defrauding at least 10 people of over Rs 47 lakh under the pretext of offering lucrative returns from his car dealing business has been apprehended by the Thane police. The accused, identified as Zakir Ali Samad Ali Kazi (50), had been on the run for more than a year before his arrest on Thursday, according to PTI reports.

Kazi had been evading arrest since July 2023, when a case was lodged against him at the Rabodi police station on charges of cheating and criminal breach of trust. As per an official statement, Kazi was finally tracked down in Mumbra by Thane police after extensive efforts to locate him. However, his son and alleged accomplice, Adnaan Zakir Kazi (23), remains at large.

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