State of Maharashtra vs. Two unnamed accused — Iridium investment scheme

Updates

News15 Oct 2026

Navi Mumbai police book 2 for iridium investment fraud

Navi Mumbai police booked two men over an alleged unregistered iridium investment scam that lured 500 investors with promises of returns up to ₹28 crore. | Mumbai news

Explanation in simple terms

What:: The police have opened a formal investigation into an alleged investment fraud involving iridium.
Who:: The Navi Mumbai Police are the agency investigating, and two unnamed individuals are the accused.
When:: Reported on 15 Oct 2026.
Where:: Navi Mumbai, Maharashtra.
Why:: The individuals are accused of running a fraudulent scheme related to iridium investments.
What it means:: The police have officially registered the case, which allows them to begin their investigation into the allegations.

Hindustan Times

Arrest15 Oct 2026

Navi Mumbai Ponzi Scheme: 2 Arrested For Alleged ₹15-Crore Fraud Targeting 300 Investors

Navi Mumbai police have arrested two men in an alleged Ponzi scheme suspected of cheating around 300 investors of nearly Rs 15 crore. The accused allegedly promised returns of up to Rs 28 crore on a Rs 5-lakh investment. Police are searching for at least 45 suspected agents.

Explanation in simple terms

What:: Two people were arrested for allegedly running a scheme to take money dishonestly from investors.
Who:: Two unnamed accused, Navi Mumbai Police.
When:: Reported on 15 Oct 2026.
Where:: Navi Mumbai, Maharashtra.
Why:: They are accused of a fraud involving 15 crore rupees that targeted 300 investors.
What it means:: The police have now taken the two accused into custody as part of their ongoing investigation.

Free Press Journal

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State of Maharashtra vs. Two unnamed accused — Iridium investment scheme

Updates

Navi Mumbai police book 2 for iridium investment fraud

Navi Mumbai Ponzi Scheme: 2 Arrested For Alleged ₹15-Crore Fraud Targeting 300 Investors

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