Woman held for cheating investor of ₹23 lakh

The city police have arrested a 39-year-old woman for allegedly cheating an investor of ₹23 lakh by promising monthly returns of up to 30% through a bogus investment scheme.

According to the police, the accused, Pooja Jain of Park Town, was introduced to the complainant, Hema Priyadarshini, 40, through a relative in 2024. Persuaded by Pooja to invest in “IBL Bond”, Hema issued a cheque for ₹15 lakh in favour of IBL & Co. After receiving interest for a few months, she invested another ₹8 lakh in March 2025.

When the interest payments stopped, Jain told her that the company had suffered losses. Hema subsequently lodged a complaint with the West Zone Cyber Crime Police, who registered a case on August 22.