The Economic Offences Cell (EOC) of Goa Police has registered an FIR against six individuals linked to a Mumbai-based financial services firm, accused of duping Goan investors of over INR 4.57 crore.
Police said the accused enticed victims by promising high returns through fabricated documents and staged presentations to project legitimacy. Initial payouts were made to build confidence, but communication eventually ceased, leaving investors unable to recover their funds.
The EOC noted that the fraud amount could rise as more victims step forward. Investigators are now scrutinising bank accounts, company filings, and financial records to trace the money trail.