Team Goemkarponn
Ponda: A case of cheating and misappropriation has been registered at Mardol Police Station against six individuals from Kolhapur, Maharashtra, for allegedly duping a couple from Goa of ₹16 lakh under the guise of a lucrative investment scheme.
The complaint, filed by Rajdeep Gaikwad, states that between June 30, 2022, and March 15, 2023, the accused—Indrajit Kadam, Amey Kadam, Smita Kadam, Shailesh Wagh, Rahul Gadve, and Rupali Gadve—all associated with Gold Life Distributors, Kolhapur, induced him and his wife Rajlaxmi Gaikwad to invest in a scheme promising monthly returns.
As per the scheme, for every investment of ₹1,00,000, the investors were assured a return of ₹4,500 per month for two years, with the principal amount to be returned at the end of the lock-in period. Believing the promises, the complainant and his wife invested a total of ₹16,00,000 via various bank transfers—through their HDFC, ICICI, and Union Bank accounts—into an Axis Bank account held by Gold Life Distributors.
However, only ₹2,06,582 was received by the complainant as part of the promised returns. The accused allegedly failed to repay the principal amount and the remaining interest, and instead misappropriated the funds for personal use.
Mardol Police have registered the offence under relevant sections of law related to cheating and criminal breach of trust. The investigation is being led by PSI Zaki Hussain of Mardol Police Station.
