Nagpur: In a major financial fraud case, Mankapur Police in Nagpur have arrested a woman accused involved in cheating residents of over ₹10.5 lakh through a fake investment scheme.

The complainant, Sushma Inder Shahu (47), alleged that the accused—Geeta Sunil Dhamane (42) and Kavita Prahlad Bheram (35)—lured her and other residents with promises of 3% monthly returns on fixed deposits over 12 months.

Between December 13, 2023, and October 11, 2025, the accused collected money in installments from multiple investors. They issued fake receipts under the name of a “Mahila Bachat Fund,” maintaining fraudulent records of deposits.

However, after the maturity period, the accused neither returned the principal amount nor paid any promised returns. When investors demanded refunds, the accused refused, resulting in financial losses totaling ₹10.5 lakh.

Based on the complaint and subsequent inquiry, Mankapur Police registered a case under sections of the Bharatiya Nyaya Sanhita along with the MPID Act. Accused Geeta Dhamane has been arrested, while further investigation is ongoing.