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Victims of Rs 1,200 crore investment scam stage protest in Thane

Protesters from Pune, Kolhapur, Jalgaon and Ratnagiri gathered outside the office and blocked its entrance, accusing the authorities of conducting the probe at a snail’s pace

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The scam involved approximately 11,000 investors and amounted to Rs 1,200 crore. Representational Pic

The scam involved approximately 11,000 investors and amounted to Rs 1,200 crore. Representational Pic

Hundreds of investors allegedly cheated in a Rs 1,200 crore investment scam staged a protest outside the police commissioner’s office in Maharashtra’s Thane district, demanding a speedy investigation and recovery of their money, according to the news agency PTI.

Last month, the Economic Offences Wing (EOW) arrested three persons from Gujarat in connection with the case, which is suspected to have defrauded more than 11,000 investors, including about 1,500 police personnel, across Maharashtra.

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