A case of defrauding citizens under the guise of investing in a company has been discovered in Malad, prompting the Malad police to file a case involving a fraudulent sum of Rs. 12 lakh 80 thousand.

The complainant, a Kurla resident, learned about the fraudulent scheme at a company seminar last year. A person at the seminar informed the complainant about a company in Kachpada. Having faith in this information, the complainant went to the company and met with the owner.