India, March 8 -- A special court under the Maharashtra Protection of Interest of Depositors (MPID) Act on Friday rejected the discharge plea of Priya Prabhu, an accused in the alleged Rs.100-crore Money-edge Group investment fraud in which around 3,000 investors were allegedly duped, according to the Economic Offences Wing (EOW).

Judge Vikram R Jagdale said there was sufficient prima facie material in the chargesheet to proceed against Prabhu on charges of cheating, criminal breach of trust and violations of the MPID Act. The court said witness statements and documents suggested her active role in promoting and operating the scheme.

The case stems from an EOW probe into the alleged Money-edge Group investment scheme, in which investors...