Navi Mumbai News

Thane: PWD mulls makeover of Ghodbunder road gradient to speed-up traffic movement, avoid accidents
Times of India | 1 week ago | |
Times of India
1 week ago | |

THANE: The public works department is mulling to slice off a section of the Ghodbunder road gradient in a bid to speed up traffic movement and also avoid accidents on the arterial stretch that is a vital connect for domestic, freight and tourist traffic between Gujarat, Western Mumbai suburbs to Thane, Navi Mumbai, Nashik, Pune and Goa. As per initial plans, the public works department will reduce the gradient by nearly 1-1.5m on a nearly half kilometre section on the Ghodbunder road beyond the Thane corporation limits starting from Gaimukh. This will greatly reduce congestion as vehicles especially heavy trucks, trailers and tankers won't have to slow down or exert more energy to climb and also instances of vehicles losing control while descending especially at Gaimukh will be minimised, said PWD officials. "We are working on flattening the Ghodbunder road ghat after studying the pattern of mishaps reported in this zone. Usually heavy vehicles climbing the ghat slow down impacting the pace of the traffic following. There are times when such vehicles breakdown while ascending the ghat which further aggravates the situation. Also, flattening the slope will minimise heavy vehicles losing control while descending the ghat near the old Gaimukh post," said Shrikant Yewle, executive engineer at the public works department, Thane. The stretch beyond Thane corporation limits has witnessed several major mishaps in the recent past wherein the stretch had to be shut impacting incoming and outbound traffic. Traffic officials said Ghodbunder road is preferred by motorists and transporters to avoid the state highway passing through Bhiwandi which is usually riddled with potholes and clogged. The Ghodbunder road is a vital connection for freight and tourist traffic moving between Gujarat, Western Mumbai suburbs and Thane, Nashik, Navi Mumbai, Pune, Goa with a recent analysis reflecting that nearly 80,000 vehicles pass through the stretch daily. Four and three wheelers amount for the highest bulk of traffic here followed by heavy vehicles including multi-axle trucks. The flattening work is likely to be executed while concretising the 500m stretch. The department has already floated tenders for the same, informed officials. A joint meeting with traffic police and agencies from Thane and rural areas will be held before taking up the work as one lane of the highway will have to be shut for the same. “If the work is executed in time, it will be a permanent solution to reduce snarls and mishap instances on the arterial highway,” said Yewle.

Thane: PWD mulls makeover of Ghodbunder road gradient to speed-up traffic movement, avoid accidents
2 key projects flagged off; to cut Mumbai-Pune travel time
Times of India | 2 weeks ago | |
Times of India
2 weeks ago | |

THANE: Two crucial infrastructure projects - the Y junction flyover at Mumbra and the first phase of the third Kalwa creek bridge, both on NCP MLA Jitendra Awhad's turf - were inaugurated by chief minister Eknath Shinde on Sunday evening. The projects, he assured, would ease and fasten commute from Western Mumbai suburbs, Gujarat and Thane to Navi Mumbai, JNPT and Pune. The event initially turned into a credit war between the netas and their followers who resorted to sloganeering and claimed credit for their leaders for the crucial projects. It all began after supporters of Awhad claimed he wasn't invited for the inauguration. "This is my brainchild and everyone in Kalwa and Mumbra knows who has fought for these projects and brought them to this stage. I was following up with the TMC and the MMRDA for opening up these bridges for a long. I could have inaugurated them in my style for the convenience of residents but didn't want to spoil the occasion," Awhad later told mediapersons. Meanwhile, Shinde retaliated saying he was flagging off the project as the chief minister, and said the projects were done using government funds and there was no reason for anyone to claim credit. "The projects would ease traffic snarls at the two prime junctions in the suburbs and help faster and easy movement of freight and domestic vehicular traffic between Western Mumbai suburbs, Gujarat, Thane and Navi Mumbai, JNPT and Pune," he said.

2 key projects flagged off; to cut Mumbai-Pune travel time
With Eknath Shinde in state, but may go solo in civic polls, says BJP
Times of India | 3 weeks ago | |
Times of India
3 weeks ago | |

THANE: BJP may contest the upcoming municipal elections in Maharashtra independently following recommendations to the effect from its local units, said state party chief Chandrashekhar Bawankule on Saturday. Bawankule was interacting with the media at the first BJP show of strength in Thane. “We’ll definitely fight all state and LS polls with our alliance partner,” he said. “But we’ve left the decision to forge an alliance or not with them at the local level to our BJP core committees working in the regions. We may have a friendly fight with the Shinde faction in those areas.” He hinted at BJP wanting to show its prowess, including in Thane, a stronghold of Shinde as well as Uddhav Thackeray-led Sena. The city, Mumbai, Kalyan-Dombivli, Navi Mumbai and other municipal jurisdictions are headed for local body polls. To media questions on possible tensions with the Shinde faction, Bawankule said the party was with the Balasahebanchi Shiv Sena led by Shinde and would put all its might behind it. He also lauded Shinde and praised his rebellion.

With Eknath Shinde in state, but may go solo in civic polls, says BJP
  • ‘With Shinde in state, but BJP may go solo in civic polls’
  • Times of India

    Thane: The BJP may contest the upcoming municipal elections in the state independently following recommendations to the effect from its local units, said state party chief Chandrashekhar Bawankule on Saturday, reports Manoj Bagderi.Bawankule was interacting with the media at the first BJP show of strength in CM Eknath Shinde’s city. “We will definitely fight all state and Lok Sabha polls with our alliance partner,” Bawankule said. “But we have left the decision to forge an alliance or not with them at the local level to our BJP core committees working in the regions. We may have a friendly fight with the Shinde faction in those areas.” He hinted at the party wanting to show its prowess, including in the lake city, a stronghold of Shinde as well as Uddhav Thackeray-led Sena.

Auto driver held for sex assault on girl
Times of India | 1 month ago | |
Times of India
1 month ago | |

THANE: The police arrested a 36-year-old auto driver from Digha in Navi Mumbai for molesting a college girl who was dragged by him after making lewd gestures in the market area. The accused has been identified as Katikadala alias Raju Abathi Virangnelu , a resident of Ganesh Chawl in Digha. The police said three police teams checked the CCTV footage and worked on intelligence inputs to zero in on the accused. A police officer said they had sketchy details as the auto number was not visible in the CCTV footage. The police found a rear-guard was fitted to the auto which are mostly installed in the Navi Mumbai area. The girl had given the description that the accused was bulky and had long hair.

Auto driver held for sex assault on girl
  • Maharashtra Autorickshaw Driver Arrested For Sexually Harassing Student
  • Ndtv

    Three police teams had been formed for the purpose.Thane: Hours after he allegedly sexually harassed a 22-year-old female college student in Thane city of Maharashtra, police have arrested an autorickshaw driver, who had absconded after committing the offence, an official said on Saturday.Terming the incident as "unfortunate", Thane Guardian Minister Shambhuraj Desai said to prevent such crimes, the women's safety programme, which was implemented as a pilot project in Satara district, will be extended to the entire state.A team of the Thane Nagar police station caught the 36-year-old accused from Digha in neighbouring Navi Mumbai, following the incident that had occurred on Friday morning."We caught the accused within 24 hours," senior inspector Jairaj Ranaware of the Thane Nagar police station said.Three police teams had been formed for the purpose. They checked the CCTV footage and worked on intelligence inputs, before zeroing on the accused, he said.The woman was on her way to college when the autorickshaw driver standing on the road passed some remarks about her and when she questioned him, he held her hand and pulled her towards him. When the accused tried to flee after this, the woman held on to his hand even as he started driving the three-wheeler. She got dragged for about 500 meters with the vehicle and fell, following which the accused fled, the police said.Based on a complaint lodged by the woman, a case was registered against the accused under sections 354 (assault or use of criminal force to any woman to outrage her modesty), 354(A) (sexual harassment), 336 (rash or negligent act), 279 (rash driving or riding on a public way) of the Indian Penal Code, they said.Meanwhile, the Thane guardian minister held a meeting with senior officials of the Thane Police Commissionerate during a visit to the city.The "Mahila Pathadarshi Suraksha Prakalpa", a women's safety pilot project, which was implemented in Satara district, will be extended to the entire state, Desai said, adding that he will hold a meeting with the chief minister and his deputy in this regard.The police will take measures to ensure that such incidences are not repeated and habitual offenders are monitored, he said.PromotedListen to the latest songs, only on JioSaavn.comBeat marshals, policemen in plain clothes and lady personnel should be deployed in large numbers near colleges, schools and coaching classes to prevent such unlawful acts, the minister said. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

  • Maharashtra: Autorickshaw driver held for sexually harassing girl, dragging her with vehicle | VIDEO
  • India Tv

    Thane crime news: Hours after the autorickshaw driver allegedly sexually harassed a 22-year-old female college student in Thane city of Maharashtra, police have arrested him, who had gone absconding after committing the offence, an official said on Saturday (October 15).A team of the Thane Nagar police station caught the 36-year-old accused from Digha in neighbouring Navi Mumbai, following the incident that had occurred on Friday morning."We caught the accused within 24 hours," senior inspector Jairaj Ranaware of the Thane Nagar police station said.Three police teams had been formed for the purpose. They checked the CCTV footage and worked on intelligence inputs, before zeroing on the accused, he said.The woman was on her way to college when the autorickshaw driver standing on the road passed some remarks about her and when she questioned him, he held her hand and pulled her towards him.When the accused tried to flee after this, the woman held on to his hand even as he started driving the three-wheeler. She got dragged for about 500 meters with the vehicle and fell, following which the accused fled, the police said.Based on the complaint lodged by the woman, a case was registered against the accused under section 354 (assault or use of criminal force to any woman to outrage her modesty), 354(A) (sexual harassment), 336 (rash or negligent act), 279 (rash driving or riding on a public way) of the Indian Penal Code, they said. ALSO READ: Delhi: Girl alleges assault at south ex club, says 'bouncers hit and tore her clothes'Thane crime news: Hours after the autorickshaw driver allegedly sexually harassed a 22-year-old female college student in Thane city of Maharashtra, police have arrested him, who had gone absconding after committing the offence, an official said on Saturday (October 15).A team of the Thane Nagar police station caught the 36-year-old accused from Digha in neighbouring Navi Mumbai, following the incident that had occurred on Friday morning."We caught the accused within 24 hours," senior inspector Jairaj Ranaware of the Thane Nagar police station said.

  • On Camera, Maharashtra College Student Molested, Dragged By Auto Driver
  • Ndtv

    The woman got dragged with the auto and then fell on the roadThane: A 21-year-old college student was allegedly molested by an autorickshaw driver and dragged with the vehicle in Maharashtra's Thane city today, police said.A video of the incident that took place in the city around 6.45 am surfaced on social media, an official said.The woman was on her way to college when an autorickshaw driver standing on the road passed some remarks about her and when she questioned him, he caught hold of her hand and pulled her, senior inspector Jairaj Ranaware said.When the accused attempted to flee after this, the woman did not leave him. She held on to his hand even as he started driving the three-wheeler, he said.The woman got dragged for about 500 meters with the vehicle and fell, following which the accused fled, the official said.PromotedListen to the latest songs, only on JioSaavn.comBased on a complaint, a case was registered under section 354 (assault or use of criminal force to any woman to outrage her modesty) and other relevant provisions of the Indian Penal Code, he said, adding that teams have been formed to track down the autorickshaw driver who is absconding.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

  • Maharashtra: Woman molested by auto driver, dragged with vehicle in Thane city
  • Times of India

    THANE: A 21-year-old college student was allegedly molested by an autorickshaw driver and dragged with the vehicle in Maharashtra's Thane city on Friday, police said. A video of the incident that took place in the city around 6.45am surfaced on social media, an official said. The woman was on her way to college when an autorickshaw driver standing on the road passed some remarks about her and when she questioned him, he caught hold of her hand and pulled her, senior inspector Jairaj Ranaware said. When the accused attempted to flee after this, the woman did not leave him. She held on to his hand even as he started driving the three-wheeler, he said. The woman got dragged for about 500 meters with the vehicle and fell, following which the accused fled, the official said. Based on a complaint, a case was registered under Section 354 (assault or use of criminal force to any woman to outrage her modesty) and other relevant provisions of the Indian Penal Code, he said, adding that teams have been formed to track down the autorickshaw driver who is absconding. (The victim's identity has not been revealed to protect her privacy as per Supreme Court directives on cases related to sexual assault.)

  • Auto Driver Molests Woman, Drags Her For Half A Kilometer In Maharashtra
  • Ndtv

    The woman got dragged for about 500 meters with the vehicle and fell. (Representational)Thane: A 21-year-old college student was allegedly molested by an autorickshaw driver and dragged with the vehicle in Maharashtra's Thane city today, police said.A video of the incident that took place in the city around 6.45 am surfaced on social media, an official said.The woman was on her way to college when an autorickshaw driver standing on the road passed some remarks about her and when she questioned him, he caught hold of her hand and pulled her, senior inspector Jairaj Ranaware said.When the accused attempted to flee after this, the woman did not leave him. She held on to his hand even as he started driving the three-wheeler, he said.The woman got dragged for about 500 meters with the vehicle and fell, following which the accused fled, the official said.PromotedListen to the latest songs, only on JioSaavn.comBased on a complaint, a case was registered under section 354 (assault or use of criminal force to any woman to outrage her modesty) and other relevant provisions of the Indian Penal Code, he said, adding that teams have been formed to track down the autorickshaw driver who is absconding.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Man Robs 12 Crores From Bank, Gets New Look, Caught In Pune Months Later
Ndtv | 1 month ago | |
Ndtv
1 month ago | |

The man was arrestedin a joint operation by Thane and Navi Mumbai police. (Representational)Mumbai: Police have arrested the main accused involved in the Rs 12 crore cash theft from ICICI Bank in Thane's Manpada area from Pune after more than two-and-a-half months, an official said on Wednesday.The police have also recovered around Rs 9 crore from the prime accused, identified as Altaf Shaikh, 43, he said.With Shaikh's arrest on Monday, the police have so far arrested five accused in the case, including his sister Neelofer. The theft had taken place on July 12."Shaikh, a resident of Mumbra, had been working with ICICI Bank as a custodian. As the custodian, he was the caretaker of the bank's locker keys. He spent a year planning the heist, studying the loopholes in the system, and gathering tools to pull it off," the official of Manpada police station said.During the probe, police found that Shaikh planned the entire heist by enlarging the AC duct to pass the cash to the garbage chute and tampering with the CCTV footage, he added."After deactivating the alarm system and sabotaging the CCTV, Shaikh had opened the bank vault and transferred the cash to the duct and below to the chute. The incident came to light after the bank realised that the security money was missing, as were the DVR of CCTVs, which prompted its personnel to call the inspection team," the official said.After the incident, Shaikh fled. He would change his looks and use burqa to hide his identity. Shaikh's sister Neelofer, who was aware of his movement, hid some cash in her home. She has been booked as co-accused in the case and arrested, police said.Shaikh was finally arrested from Pune on Monday. The police managed to recover around Rs nine crore, out of Rs 12.20 crore stolen from the bank, and the remaining amount would be recovered soon, he said.Shaikh was arrested in a joint operation by Thane and Navi Mumbai police. Earlier, the police had arrested Neelofer and three others - Abrar Qureshi (33), Ahmed Khan (33) and Anuj Giri (30).PromotedListen to the latest songs, only on JioSaavn.comMore persons are likely to be arrested in the case and further investigation is underway, the official said.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Man Robs 12 Crores From Bank, Gets New Look, Caught In Pune Months Later
Thane: Phase-I of third Kalwa road bridge delayed, again
Times of India | 1 month ago | |
Times of India
1 month ago | |

THANE: Motorists and netas have sought the intervention of chief minister Eknath Shinde to ensure that the first phase of the third road bridge at Kalwa running over the Thane creek is opened up at the earliest. The project that was to be flagged off in 2019, has crossed several deadlines and is yet to be made operational. It may be recalled that the first phase of the ambitious third Kalwa road bridge over the Thane creek was to be first made operational in late 2019, but got delayed and was finally to be opened up for traffic by August-end, reducing traffic snarls at Kalwa naka — a prominent junction on the Mumbai-Thane-Navi Mumbai-Pune route. However, with the fresh deadline crossed, motorists complained of having to endure snarls and increased travel time. “I have made a request to the chief minister to ensure the bridge is made open for traffic at the earliest. Motorists end up wasting nearly an hour at times to simply cross over the congested but crucial junction of roads linking Thane with Navi Mumbai, Pune, Kalyan and JNPT,” said NCP MLA Jitendra Awhad on Tuesday, after he visited the creek bridge. The MNS also surveyed the spot and made a similar request for one lane of the bridge to be opened for traffic. Activist Sanjeev Datta also raised questions on why the corporation was casting a blind eye towards the delay caused to the project. “The project was to be completed in 36 months, but there has been a huge delay in its implementation. Why is the corporation silent over the issue,” he questioned. The final touches to the first phase of the unidirectional 2.4kms-long, U-shaped bridge from the Thane police commissioner to Kalwa naka and an extended arm that will land near the Kalwa municipal hospital was to be completed by August 25, following which the lanes were to be thrown open for traffic, the municipal corporation had said in August. The bridge was designed during the tenure of commissioner Aseem Gupta, following suggestion by MLA Jitendra Awhad to ease massive congestion at Kalwa naka. The project cost has shot up from the initial Rs 169 crore to Rs 183 crore now. When contacted, a senior bureaucrat at the Thane corporation said there was no fresh inauguration date assigned for the inauguration of the bridge yet.

Thane: Phase-I of third Kalwa road bridge delayed, again
Mumbai jumps to 31 in Swachh rank, Thane too climbs to 13, Navi Mumbai to 3rd
Times of India | 1 month ago | |
Times of India
1 month ago | |

MUMBAI: Mumbai's rank rose to 31 from 37 last year in the Swachh Survekshan 2022-a nationwide sanitation survey of cities. In the Mumbai Metropolitan Region, Thane rose to the 13th rank from 14th last year and Navi Mumbai too climbed to the third position from fourth in 2021. They were ranked among 45 cities with a population of more than 10 lakh. Swachh Survekshan 2022, under the Swachh Bharat Mission, is conducted by the ministry of housing and urban affairs every year. TimesViewMumbai's 31st rank is surely an improvement on its previous record, but it is nothing to be proud of. The city has India's richest civic body and is still not even in the top 30 in the 'Swachh' rankings. The BMC administration should get its act together and learn from best practices in cities which have consistently bagged very good ranks. Indore in particular is an example to be closely studied. When the next rankings are announced, Mumbai should jump not just a few steps higher but should ideally enter the top ten.lndore ranked as the cleanest city for the sixth year in a row and Surat second cleanest for the third time since 2020. Among the other cities in Maharashtra which have featured in the list apart from Navi Mumbai, Thane and Mumbai are Kalyan-Dombivli which ranked 24, Pune stood at ninth, Aurangabad 30th, Nagpur 27th, Kalyan-Dombivli 25th, Pimpri Chinchwad 19th. Mira-Bhayander has ranked seventh in the category of under 10 lakh population. Panchgani in Maharashtra ranked as the cleanest city among those with less than 1 lakh population, followed by Karad in the third spot, Lonavla fourth and Karjat fifth. Meanwhile, among states, Mahashtra ranked third with more than 100 urban local bodies. The BMC's additional municipal commissioner Dr Sanjeev Kumar said they are happy to see the city's ranking improve. "Our city's ranking has improved due to an all-team effort. We have plans to further improve our ranking in the next year too by focusing on decentralised waste management," said Kumar. King's Circle citizen activist Nikhil Desai, though, said despite a municipal corporation with the biggest financial budget, the city has not been able to feature among the top 10. "A city like Indore is number one year after year. We should try to learn from them to find what they are doing right to retain the top spot," said Desai. On Navi Mumbai's ranking, former NMMC civic chief Abhijit Bangar, who was just transferred to the neighbouring Thane on Friday, said, "I am happy that Navi Mumbai improved its all-India ranking from fourth last year to third now. It's a huge leap and credit goes to the citizens of Navi Mumbai who extended wholehearted support to see the city in the select band of cleanest cities in the country. We had expected to ace the award list but slipped to the third rank by a whisker. However, it's a great achievement." Besides the national third rank in the open defecation-free category, NMMC received the Water Double Plus Award and a five-star status. "The competition was very tough this time and despite that we bagged the third cleanest city award. We left no stone unturned to get to the top spot. However, Navi Mumbai is the only city that can give a tough challenge to other top ranking cities," said Bangar.

Mumbai jumps to 31 in Swachh rank, Thane too climbs to 13, Navi Mumbai to 3rd
Bad condition of roads causes major inconvenience to commuters in Thane, Navi Mumbai
Times of India | 2 months ago | |
Times of India
2 months ago | |

THANE: Bad condition of roads at the fringes of Thane city has led to major inconvenience for Thane, Mumbai traffic coming from and moving towards Nashik, Navi Mumbai and Gujarat, motorists complained. Regular commuters complained of having to endure snarls and slow moving traffic due to resurfacing potholes at Ghodbunder exit point on Ahmedabad road along with the Kasheli and Saket bridges on Bhiwandi bypass highway. The approach portions at Ghansoli and Talvali on the Thane-Belapur road is also damaged leading to snarls at the T-junction at Airoli near Rabale MIDC police station. Resultantly, many motorists travelling complained of having to spend more fuel and time in just crossing over the bad patches. It may be recalled chief minister Eknath Shinde had instructed all agencies to mantain roads within their jurisdictions but the same is apparently not being executed at the ground level, complained motorists. "It takes anywhere between 2 to 3 hours to travel from Kalyan bhivandi junction to Thane on any given day. The highway stretch is badly damaged especially along the two Creek bridges which ends up causing massive traffic jam on either ends. I have made repeated complaints to the authorities but to no use. Earlier, i used to reach Mumbai from Nashik in 2.5 hours but now crossing Thane limits consumes the same time," complained Sanjay Darade a former bureaucrat, regular commuter. Another commuter using the busy Ghodbunder Road complaint of dense traffic near the junction where it meets the Mumbai Ahmedabad highway. Those travelling to and from Navi Mumbai, Pune to Thane also complained of slow moving traffic on the Thane Belapur Road due to certain bad patches on the stretch saying that it takes often two hours to reach Panvel from Thane. The Thane traffic police said they have deployed more manpower on crucial stretches of the highways to ensure the movement of traffic is smooth but the recurring potholes is causing a hindrance, they lamented. Meanwhile, authorities blamed the intermittent spell of heavy rains to have washed away the repair works undertaken here. A State Public Works Department official, incharge of Ghodbunder Road, said they have been working relentlessly on filling up potholes on the stretch while an official from the msrdc maintaining the Mumbai Nashik highway said they have deployed teams along the stretches to instantly repair bad patches. "There is excessive load of vehicles on the highway and we find it difficult to repair the portions as it gets washed away in the next spell of heavy rains. We are however working on a proper road improvement plan soon," said a highway authority official. Meanwhile, the NMMC has decided to defer repairs and resume it after the withdrawal of monsoon. City engineer Sanjay Desai said, “We have called off pothole filling work along the Thane Belapur Road which will be carried out only post Diwali since fixing bad patches during monsoon has proven ineffective.” (Inputs from B B Nayak)

Bad condition of roads causes major inconvenience to commuters in Thane, Navi Mumbai
Thane: One held in Rs 250 crore fake crypto scam
Times of India | 2 months ago | |
Times of India
2 months ago | |

THANE: EOW, Thane police have arrested a man for duping 1,441 investors in a fake cryptocurrency scam likely to be of over Rs 250 crore and spread across India. Ritesh Panchal alias Ritesh Sikalgir is accused of running the scam across India attracting investors. So far, 24 investors cheated of a collective amount of Rs 44 lakh have come forward. The accused used two fake crypto names - Magic 3x and SMP - to fool the investors. Probe revealed that the accused maintained four bank accounts with the Mumbai-based banks. The accused had lured thousands of investors with good returns, nearly doubling their investment in just 10 to 20 months from the Magic 3x scheme cryptocurrency racket which turned out to be fake. The source added that so far some properties in Navi Mumbai’s Uran area as well as in Bhiwandi have been found. An offence under sections 420 (cheating), 406 (criminal breach of trust), 409 (Criminal breach of trust by public servant, or by banker, merchant or agent and 34 of the IPC and also section 3 of the Maharashtra Protection of Interest of Depositors (MPID) Act with the local police station based on the complaints by the victim investors.

Thane: One held in Rs 250 crore fake crypto scam
  • Thane: One held in Rs 250 crore crypto scam
  • Times of India

    THANE: EOW, Thane police have arrested a man for duping 1,441 investors in a fake cryptocurrency scam likely to be of over Rs 250 crore and spread across India. Ritesh Panchal alias Ritesh Sikalgir is accused of running the scam across India attracting investors. So far, 24 investors cheated of a collective amount of Rs 44 lakh have come forward. The accused used two fake crypto names - Magic 3x and SMP - to fool the investors. Probe revealed that the accused maintained four bank accounts with the Mumbai-based banks. The accused had lured thousands of investors with good returns, nearly doubling their investment in just 10 to 20 months from the Magic 3x scheme cryptocurrency racket which turned out to be fake. The source added that so far some properties in Navi Mumbai’s Uran area as well as in Bhiwandi have been found. An offence under sections 420 (cheating), 406 (criminal breach of trust), 409 (Criminal breach of trust by public servant, or by banker, merchant or agent and 34 of the IPC and also section 3 of the Maharashtra Protection of Interest of Depositors (MPID) Act with the local police station based on the complaints by the victim investors.

  • 1 held in 250cr crypto scam
  • Times of India

    Thane: EOW, Thane police have arrested a man for duping 1,441 investors in a fake cryptocurrency scam likely to be of over Rs 250 crore and spread across India. So far, 24 investors cheated of a collective amount of Rs 44 lakh have come forward. The accused used two fake crypto names — Magic 3x and SMP — to fool the investors. TNN