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    Home / News / India News / Man lured to invest in frog-blood-business; duped of Rs. 3.66L
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    Man lured to invest in frog-blood-business; duped of Rs. 3.66L

    Man lured to invest in frog-blood-business; duped of Rs. 3.66L

    By Garima Bora
    (PTI desk)
    May 26, 2018
    07:33 pm

    What's the story

    A 40-year-old man was arrested today by Kalwa police in Thane for allegedly duping a resident of Rs. 3.66L by persuading him to invest in the business of supplying "frog blood" to a UK-based pharmaceutical firm.

    Abdul Kadir Ibrahim Kucchi was arrested from Panvel today morning under IPC section 420 (cheating), senior inspector Nitin Thakre of the Crime Branch said.

    Details

    Victim was promised great returns

    The complainant, Ninad Telgote, received an email from Kucchi some days ago, which said there was a great demand for "blue blood of frogs" from a pharmaceutical company in the UK.

    If he were to invest money in this business, he would get great returns, the email promised.

    Telgote was asked to deposit Rs. 3.66 lakh in a bank account.

    Further probe on

    Police suspect accused cheated others too

    Telgote realized that it was a scam when the accused stopped responding to his emails.

    He then approached the Kalwa police, following which the Crime Branch arrested Kucchi from Panvel near Navi Mumbai today, inspector Thakre said.

    Police suspect that Kucchi was part of a gang which has cheated people in various states using the same method.

    Further probe is on.

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