Mumbai: The Chembur Police have registered a case against Mohammad Ali Mohammad Salim Shaikh, 40, for allegedly duping ten people of Rs83.12 lakh under the pretext of offering lucrative returns on investments in his goat trading business.

About The Case

According to the FIR, the accused lured victims by promising a monthly profit of Rs5,000 on every Rs1 lakh invested. The complaint was filed by Abdul Aziz Abdul Salam Sayyed, 35, a mehndi artist residing in the Diamond Garden area of Chembur.

Sayyed told the police that in December 2023, a woman named Nilofar, who worked with him, introduced him to her cousin Mohammad Ali, claiming he was engaged in goat trading. Nilofar assured Sayyed that she herself had invested Ra3 lakh with Ali in 2017 and was earning Rs15,000 per month in returns.

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