Bounced cheques, fake promises: Businessman, wife, son arrested for Rs 1.30 crore stock market investment scam in Mumbai

A Mumbai businessman, along with his wife and son, has been arrested for allegedly defrauding a lounge owner of ₹1.30 crore. The family promised high returns on stock market investments, enticing the victim with initial profits. However, the scheme unraveled when returns ceased, and cheques issued for repayment bounced.