Jeweller loses 10.2L for ATMs at his store – Times of India
Pune: The Chinchwad police are searching for a former agent with a non-banking finance company (NBFC), who duped a 65-year-old jeweller of Rs10.20 lakh on the promise of installing cash dispensing machines at his shop, from which he could earn money per transaction. The jeweller paid the money between December 2019 and September 2021 to the man for installation of three such machines. When he got …….
Pune: The Chinchwad police are searching for a former agent with a non-banking finance company (NBFC), who duped a 65-year-old jeweller of Rs10.20 lakh on the promise of installing cash dispensing machines at his shop, from which he could earn money per transaction.
The jeweller paid the money between December 2019 and September 2021 to the man for installation of three such machines. When he got neither the ATMs nor his money back, he filed a complaint on Saturday.
Police sub-inspector (PSI) Mansoor Maner of Chinchwad police told TOI that the suspect used to work as an agent for an NBFC in the white-label ATM business.
“The man had supplied ATMs to several shop owners in Pimpri, Chinchwad and Bhosari. In 2019, he approached the complainant, whose jewellery shop is at Chinchwadgaon, and told him that he could earn Rs4 per transaction per ATM on the shop premises,” Maner said.
“Meanwhile, Reserve Bank of India (RBI) had cancelled the man’s company’s license to operate ATMs. But when the jeweller approached the company, he found that the agent had never deposited the money he paid him with the company,” added Maner.
The probe has revealed that the man duped a few more shop owners, the PSI said.
