The Bhandup police have booked directors of a Bhandup-based firm for duping multiple investors of Rs 1.23 crore. According to the police, the firm ‘Nidhi Limited’ defrauded at least seven investors with a promise of doubling their money in 20 months and also offering five per cent monthly returns over the investment. 

Police said that the FIR follows a complaint filed by a 64-year-old victim, a machinery workshop owner and a resident of Bhandup, who alleged that he was lured into investing in schemes floated under the banner of ‘Anagha Jankalyan Nidhi Limited’ and other linked entities.