Economic Fraud
Doctor Prescribes 150% Returns, Patients Get 100% Scammed
A doctor based in Thiruvananthapuram has been accused of defrauding several people by promising high returns on investments in a soon-to-be-established eye hospital chain. The accused allegedly collected crores of rupees from investors between 2015 and 2020 but failed to deliver on the promised returns. The case, registered under multiple sections of the Indian Penal Code, has stirred public attention, with some investors receiving partial compensation while others remain waiting for justice.
Thiruvananthapuram: A city-based doctor has come under scrutiny for allegedly deceiving several individuals by promising them high returns on investments in his eye hospital chain, which was intended to expand across various parts of the state, including Thiruvananthapuram and Kollam. The accused is said to have collected substantial amounts of money from multiple people, guaranteeing a return of 150% within three years.
Several investors placed their trust in the doctor, contributing funds between 2015 and 2020. However, after the three-year period lapsed, many claim they did not receive the promised returns. While some of the investors were fully compensated, others were only partially reimbursed. As frustration grew, complaints began surfacing, with one key investor, Vino Thomas, 57, from Pattom, revealing that he invested Rs 20 lakh across three transactions in May 2015. Thomas alleged that despite repeated requests for his money, the doctor paid him only Rs 15 lakh and eventually stopped responding to his calls. Thomas filed an official complaint with the local police after further efforts to communicate with the accused failed.
The police have registered multiple cases across Museum, Peroorkada, and Medical College police stations under sections 406 and 420 of the Indian Penal Code, addressing criminal breach of trust and cheating. Authorities have confirmed that the complainants have provided all relevant documentation supporting their claims. The preliminary investigation indicates a case of financial fraud, with further details expected as the investigation progresses.
The incident has raised concerns among potential investors and residents, highlighting the risks associated with high-return promises in investment schemes. The police have assured the public that they are working diligently to ensure that justice is served for the victims involved in the case.
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