Bank manager held for duping elderly woman of rRs.r76.50-L in share investment fraud
India, Oct. 9 -- A bank manager was arrested on Wednesday for allegedly cheating an 85-year-old woman of Rs.76.5 lakh after luring her into a share investment scheme promising high returns, police said. The accused, Jay Mukesh Mehta, was arrested from Mira Road after being on the run for nearly six months.
Police are now searching for his wife, parents and brother, who are also accused in the case. The complainant, 85-year-old Nasima Sharif Nizam, lives alone in Borivali's IC Colony following her husband's death from cancer in 2007. Her son, Aamir, resides in Bandra with his family and visits her periodically.
According to police, Mehta gained Nizam's trust after meeting her at the bank in 2018. He allegedly encouraged her to invest her...
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