The crime branch of Thane police has arrested a man for allegedly cheating investors of more than ₹41 crore.

He has been identified as Prashant Govindrao Zade, (47), the chairman of AS Agri and Aqua LLP who is accused of duping a total of 150 investors. A resident of Vijayawada in Andhra Pradesh had filed a complaint with Kasarwadavali police station that she had invested ₹2.7 crore in Zade’s firm and was promised returns of ₹5 crore, but she never got her money back.

He has been identified as Prashant Govindrao Zade, (47), the chairman of AS Agri and Aqua LLP who is accused of duping a total of 150 investors.

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