Maharashtra: Couple Arrested in Rs 1200 Crore Fraud, 11,000 Duped by Investment Scheme

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News18•05-02-2026, 19:03
Maharashtra: Couple Arrested in Rs 1200 Crore Fraud, 11,000 Duped by Investment Scheme
- •Thane Police arrested Sameer and Neha Narvekar from Gujarat in connection with a massive Rs 1200 crore investment fraud.
- •The couple's company, Trade With Jazz (TWJ) Associates Private Limited, allegedly defrauded 11,000 investors across Maharashtra.
- •Investors were promised high returns (3-5%) and company partnership for investments ranging from Rs 1 lakh to over Rs 25 lakh.
- •The company operated in 16 districts, luring victims with claims of securing large government project contracts.
- •Police urge citizens to be cautious of 'get rich quick' schemes and advise defrauded individuals to contact the Economic Offenses Wing.
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