January 24, 2024

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Four investors kidnap CA to recover their lost money, arrested | Mumbai News

2 min read

THE MUMBAI Police on Wednesday said they arrested four persons who allegedly kidnapped a Powai-based Chartered Accountant to recover the money they had invested in his company.

CA Bhushan Arora, a Powai resident, was abducted on Wednesday and later the accused made a ransom call to his family asking for Rs 5 crore to be paid to them.

DCP (Zone X) Datta Nalawade said, “We have arrested four persons in connection with the kidnapping case. The four had invested huge amounts in Arora’s company Divine Power which they lost. It was in order to recover the money that they had invested that they abducted him and extort his family members.”

As per police, Arora’s wife Medha had said that Bhushan had left for office on January 17. When he did not return home by January 18, she approached the local Powai police where a missing person’s complaint was registered. As the police started probing the matter, the wife received a call from an unidentified person who demanded Rs 5 crore if she wanted Arora to be alive. The woman accordingly informed the police which began an investigation in the matter.

His wife informed the police that Arora had invested a large amount of money belonging to his relatives and friends in the stock market. However, he suffered losses in the stock market and soon investors started demanding the money back. When he expressed his inability to return the money, they had started threatening them, his wife told the police. The police then registered an FIR and began the probe.

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During the course of investigation, the police found the accused had taken Arora to Navi Mumbai and the team started searching farm houses in the Panvel taluka. Later on Sunday, based on information, a team laid a trap in Kamothe area of Navi Mumbai and found two of the accused in a four-wheeler who were detained. The police found Arora in the same vehicle who was then rescued and reunited with his family.

Investigations revealed that Arora had invested large sums belonging to the accused in his company Divine Power which was lost. It was in order to recover the lost money that the accused committed a serious crime. Based on the interrogation of the duo, the police arrested two others who were involved in the crime. The accused have been identified as Amol Mhatre (49), Niranjan Singh (32), Vidhichandra Yadav (31) and Mohmand Suleman alias Salman Shaikh (20).

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