In a massive financial scam following the Torres fraud, the Mulund police have registered a case against the MoneyEdge Group of Companies and its four partners for allegedly defrauding approximately 3,000 investors of Rs100 crore. The case was filed on Tuesday, resulting in the arrest of two partners, Hariprasad Venugopal and Pranav Raorane. Both were presented in court and have been remanded in police custody until January 22. The case has now been transferred to the Economic Offenses Wing (EOW) for further investigation.
According to EOW sources, approximately 3,000 investors were lured with the promise of 24% annual returns through unauthorised portfolio management services. The partners named in the complaint are Rajeev Jadhav, Hariprasad Venugopal, Pranav Raorane and Priya Prabhu, along with other associates. These individuals allegedly used multiple entities – MoneyEdge Investment, MoneyEdge FinCorp, MoneyEdge Realtors, and MoneyEdge Capital Services – to conduct their fraudulent schemes. MoneyEdge Group of Companies was established in 2013 with an office located in Shastri Nagar, Mulund West.
A total of 100 investors have approached the Economic Offenses Wing (EOW) to register their complaints.
Diese Geschichte stammt aus der January 16, 2025-Ausgabe von The Free Press Journal.
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