pune the deccan gymkhana police have registered a case against the ceo of a wealth management company operating from law college road his wife and three others on the charge of cheating depositors of rs3192 crore since 2018 by promising them handsome returns on their investmentthe firm would offer 100 to 270 returns on investments made for terms ranging from six months to a year claiming it was utilising the funds in stock bullion and commodity markets so far six depositors including a 51yearold owner of two smallscale industrial units in chakan who invested rs2 crore have come forward with their complaints the other complainants are into realty garments and other businessesthe police have also invoked provisions under sections 3 and 4 of the maharashtra protection of interest of depositors mpid act besides applying the ipc section for criminal breach of trust against the ceo and four othersthe ceos wife is a team leader in the firm while the other three booked are his brother who is the chief financial officer as well as the chief technical officer the chief operating officer and the overseas support head of the firm which claims to have been registered in london all the five are on the run and the police are searching for themsenior inspector murlidhar karpe of the deccan police told toi in 2019 the same companys ceo was arrested on charge of cheating people to the tune of rs65 lakh in a similar fashion he then secured a conditional bail from court promising that he would return the money to the victims within six months but failed to do so now we are looking for him in both the cases the ceo and his wife stayed in a rented flat on law college road they left the flat after the 2019 case they are native of jalgaon and dont have a permanent address in punein the latest case the smallscale unit owner who also resides on law college road stated that in novemberdecember 2018 the firm spread the word that it would give 100 to 270 returns on investments made for terms ranging from six months to a year