Case of fraud of Rs 37 lakh registered against consultant
Mumbai: A case has been registered against a mutual fund distributor named Hitendra Thakkar for allegedly forging documents, committing fraud and siphoning off Rs 37 lakh from a senior citizen customer.
The complainant, Gurmukh Singh Ujagar Singh Bhui (78), resident of Mulund, gave his statement to the Mulund police on Thursday. According to Bhui, he met Thakkar in 2017, when he wanted to rent a shop for his life insurance-related workplace. Thus, Bhui started investing in mutual funds suggested and recommended by Thakkar and finally, he also provided the investment details to Bhui.
In January 2022, Bhui went to a Mulund-based bank to collect a copy of the fund statement when he noticed that the email ID and contact number mentioned belonged to Thakkar instead of him. When Bhui asked Thakkar about this, he started avoiding it. When Bhui realized that Thakkar had created a demat account with Samco Securities Ltd, a stock broking company, without his consent, he started looking at his other mutual funds.
Thakkar forged documents and signatures
Bhui further alleged that Thakkar forged documents and his signature to open the account, during which he submitted an account opening form, voluntary authorization letter and power of attorney – where Thakkar forged Bhui’s signature. Bhui alleged that through this demat account, Thakkar was carrying out several transactions in Bhui’s name – which he was not aware of.
Further, from several mutual funds, Thakkar allegedly redeemed some money, amounting to ₹38,261,66, which he transferred to a demat account under Bhui’s name. When Bhui asked Thakkar about it in July 2022, he gave him three cheques, but they all bounced due to insufficient funds, Bhui said.
Police have booked Thakkar under charges of 420 (fraud), 406 (criminal breach of trust), 465 (forgery), 467 (forgery of valuable security, will, etc.), 478 (forgery to cheat), and 479 (property mark). Have registered. ) of the Indian Penal Code. Mulund police station officials said that investigation has been started in the matter.
