Maharashtra: Rs 72 lakh duped from person in rice pulling scam; 1 held | Thane News – Times of India

Thane: A man was duped of Rs 72 lakh allegedly by a gang who lured him to invest in a testing equipment Bhiwandi Of Maharashtraof Thane district, police said on Tuesday.
On the basis of a complaint, the police arrested one on Tuesday. Nurulhuda Khan | (37), while a search has been launched for six more accused, who cheated the victim over a period of six years, an official said.
An offense has been registered under IPC section 420 (cheating) and other relevant provisions Shanti Nagar He told that the police station coming under Bhiwandi division.
According to the police, the accused lured the victim to invest in a testing device, which they said could be sold to a US-based authority for crores.
The official said the gang collected Rs 72 lakh from the victim in various forms between 2016 and 2021.
“Rice puller” scams are common in rural areas of the country. Gangs perpetrating such scams try to persuade people to invest in machines that test copper-iridium, an alloy they claim is highly prized for its magnetic strength, And “pulling rice” tends to demonstrate this quality, a trick usually involving mixing grains with iron particles.