"As many as 1,154 customers were cheated by the Goodwin chain after they reneged on investments to the tune of Rs 25 crore. They had fled after closing their showrooms on October 25. Cases were filed against them in Dombivali, Naupada and Shivajinagar," he said.
Apart from sections of Indian Penal Code for cheating, the two brothers were also charged under provisions of the Maharashtra Protection of Interests of Depositors in Financial Establishments (MPID) Act, officials said.
The Goodwin group has outlets in Vashi (Navi Mumbai), Thane city, Dombivali, Ambernath, Mira Road (Thane district), Chembur (Mumbai), Chinchwad, Bund Garden and Pimpri (Pune), besides Thrissur in Kerala.
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