According to the FIR, the accused floated a company AR Trading where he dealt in different businesses like forex trading, share trading and construction. He took Rs 5 crore from the investor and returned Rs 62.50 lakh as ROI.
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Later, he did not return Rs 4.37 crore to the victim. A case under IPC 420 (cheating) and IT act has been filed against the accused.
A case has been registered against the accused who is a resident of Amalner in Jalgaon district at Dehu road police, Hindustan Times reported.
As per the complaint filed by Ganpat Eknath Gite (37) of Moshi in Pimpri-Chinchwad area, Patil claimed that he has good contacts in medical education and research department and has helped secure jobs for many people.