The Dharavi police have booked three persons, including the chairman of a private company who was earlier arrested by the Goa Police Economic Offences Cell (EOC) in a similar investment fraud case, for allegedly duping a 51-year-old garment trader and his relatives of Rs 49.46 lakh by promising to double their money in 48 months through a cryptocurrency called “Biocoin” and a scheme named “Monthly Rental Income System”.

The case was registered on the complaint of Aamir Idris Khan, 51, a garment trader residing at Sai Baba Nagar on 90 Feet Road in Dharavi, who alleged that the accused lured him and his relatives into investing in the company’s schemes between 2019 and 2020. The group invested a total of R49.46 lakh, but the accused allegedly failed to return the promised returns or principal amount.