The officials on Thursday said that the Thane police have registered a case against eight individuals associated with an investment firm for allegedly cheating 78 investors of Rs 3.7 crore after promising them high returns, reported news PTI.

The firm opened its office in the Dombivli area of Maharashtra's Thane district some years back and began marketing various investment schemes that promised lucrative interest rates.

The accused, including partners and employees of the firm, lured people to invest money for good returns, an official.