Picture Credit: X
In a shocking turn of events, a man has defrauded his sister, who is a 60-year-old businesswoman, out of INR 2.8 Crore by making her invest the money in a fake coffee powder manufacturing company. He gained the trust of his sister by showing the pictures and videos of former West Indies cricketer Chris Gayle, claiming to her that he is involved in the company as its promoter, which has now led to her filing a criminal complaint against the brother and five other individuals.
As per the report from the Times of India, the investment scheme in the coffee powder manufacturing company was INR 5.7 Crore, promising high returns to all its investors with the involvement of Chris Gayle. The businesswoman was approached by her brother and sister-in-law, promising her a 4% monthly return on investment, stating that the money will be utilised, to fund the company based in Kenya with plans to expand it with a new unit in the USA.
Man hurled abuses at sister for confronting him about the defrauding
The brother gained the trust of her sister by using the name of Chris Gayle, which led to her investing INR 2.8 Crore herself into the coffee powder manufacturing company, while making her encourage their other family members and her friend to invest INR 2.2 Crore. After other people invested INR 70 Lakh, the total investment added up to a whopping INR 5.7 Crore, and the returns were on time initially, which made the scheme convincing.
But the payments dried up after some time, and ultimately, it led to businesswoman confronting her brother, when he allegedly hurled abuses at her. The coffee powder manufacturing company turned out to be a scam, which has meant that all the investors have incurred massive losses on their investment since only INR 90 Lakh have been returned until now.
