Now Reading: UAE deports accused in Rs 88-crore investment fraud to India
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UAE deports accused in Rs 88-crore investment fraud to India
The UAE deported Vishakha Rathod to India on August 3 after the CBI, Ministry of External Affairs and Ministry of Home Affairs coordinated her return. Rathod, who was the subject of an…
The Story in Brief
The UAE deported Vishakha Rathod to India on August 3 after the CBI, Ministry of External Affairs and Ministry of Home Affairs coordinated her return. Rathod, who was the subject of an Interpol Red Notice, landed in Pune and was taken into custody by Maharashtra Police.
The CBI alleges Rathod was part of a conspiracy that lured investors with promises of fixed monthly returns, then misappropriated funds and moved the proceeds through several bank and demat accounts. She faces further investigation and legal action in India. The case concerns an alleged investment fraud of Rs 88 crore, according to Times Now.
The Indian Opinion
Claims that an Interpol Red Notice proves guilt are as careless as dismissing the case as just another business dispute. It records that authorities sought her location and return, not that a court has convicted her. The real test is whether investigators can trace the alleged money trail, identify affected investors and present admissible evidence in court. How much of the Rs 88 crore can the prosecution establish?
Source: timesnownews.com
This story was synthesised by AI from the source linked above.
