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Rs 16-Crore Scam: BMC Official Suspended For Cheating Jaaved Jaaferi's Wife, Others, Says Report
market · NDTV Profit · 09 Jun 2026

Rs 16-Crore Scam: BMC Official Suspended For Cheating Jaaved Jaaferi's Wife, Others, Says Report

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AI Summary

Investors have reportedly contributed approximately Rs 16.24 crore in cash, foreign currency, and jewellery to a scheme that involved forged government documents. This raises concerns about potential fraud and the safety of investments in similar proposals.

According to the complaint, investors collectively contributed around Rs 16.24 crore in cash, foreign currency and jewellery. The accused allegedly provided forged government documents to support the investment proposal.

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