He said the depositors alleged that they made investments collectively worth Rs 3.1 crore in the schemes since last year, but did not get returns as promised.
Based on the complaints, the case was registered on Tuesday under Indian Penal Code Sections 420 (cheating), 406 (criminal breach of trust), 34 (common intention) and the Maharashtra Protection of Interests of Depositors in Financial Establishments (MPID) Act, the official said.
The Thane police's Economic Offences Wing (EOW) is already probing against Goodwin Jewellers for allegedly cheating hundreds of investors of several crore rupees, an official earlier said.
The alleged fraud came to light in Thane's Dombivali town where a few duped investors filed the first complaint against the group owners A M Sunilkumar and A M Sudheshkumar, following which cases were registered at Manickpur in Vasai (Palghar), Naupada in Thane and Shivaji Nagar in Ambernath, an official said.
Following agitation by customers and investors, the group's owners released a video on social media wherein they blamed people with vested interests and business rivals for their losses.
The jewellery chain owners, who hail from Kerala, told the affected customers that their money was "safe" and promised to return it.
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