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During the lockdown and pandemic restrictions, many people’s businesses came to a standstill, and jobs were lost. After this situation, the police said people were looking for work and many frauds came to the fore. People cheated citizens by luring them into schemes to make more profit in a short time.

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“These fraudsters were working in such a clever and well-planned manner, that in the initial days they even gave profits to people on the amounts invested by them. When they won the trust of the people, they insisted they get others to invest and finally fled with everyone’s hard-earned money,” said an officer from MIDC police station.

“These days people are falling prey to thugs who use similar modus operandi. We request people to do their research thoroughly before investing anywhere. We have sent letters to the banks and wallets and asked them to provide information of where the complainant had transferred the amount via UPI,” he added.