ReferIndia News Mumbai: 66-Year-Old textile Thread Exporter Allegedly Duped Of ₹78.64 Lakh In Luxury Car Investment Scam

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Mumbai: 66-Year-Old textile Thread Exporter Allegedly Duped Of ₹78.64 Lakh In Luxury Car Investment Scam

Published on: Dec. 28, 2025, 11:11 a.m. | Source: Free Press Journal

A 66-year-old Mumbai-based textile exporter was allegedly cheated of ₹78.64 lakh by a man who promised high returns in a second-hand luxury car business. Though over ₹1 crore of the ₹1.79 crore investment was returned, the accused allegedly sold two cars given in lieu of dues and failed to repay the balance. Multiple cases have been filed.

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