Apr 10, 2026

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Ahmedabad: MP Fincorp owner, wife and mother arrested for cheating of Rs 32 crore by luring them with 20 per cent return


Stock Market Scam In Ahmedabad: A major scam has been busted in Ahmedabad to extort crores of rupees from investors by luring them with high returns of 15 to 20 percent. Mihir Parikh of MP Fincorp Services and his accomplices cheated several people to the tune of more than Rs 32 crore by creating dummy apps, bogus letterpads and fake documents, police investigations have revealed. Mihir Parikh, his wife and mother have been arrested by the police after complaints of cheating a company owner of Rs 1.07 crore and another trader of over Rs 4 crore were registered yesterday (April 8).


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