{
  "id": 17091214,
  "title": "Mumbai Fraud: 2 Equentis Executives Booked For Allegedly Cheating 5 Investors Of ₹2.28 Crore By Promising 12–15 Per Cent Monthly Returns",
  "url": "https://urgent.news/2026/10/29/mumbai-fraud-2-equentis-executives-booked-for-allegedly-cheating-5",
  "topic": "world",
  "section": "World",
  "published": "2026-10-29T16:02:06.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/mumbai-fraud-2-equentis-executives-booked-for-allegedly-cheating-5-investors-of-228-crore-by-promising-1215-per-cent-monthly-returns"
  },
  "original_language": "en",
  "account": "Mumbai police have filed a complaint accusing two executives from Equentis Wealth Advisory Services Pvt Ltd of defrauding five investors of ₹2.28 crore. The accused, Preeti Daniel Kangare and Pragya Shetty, allegedly guaranteed monthly returns of 12–15 percent to investors by promising stock market investments. The accused allegedly instructed investors to send money to their personal bank accounts rather than Equentis' accounts. Investors, including Vaibhav Kuldeep Swarnkar, were reportedly promised returns of 16 percent in the initial months, but payments later stopped. The police have registered a case under the Maharashtra Protection of Interest of Depositors Act and the Bharatiya Nyaya Sanhita.",
  "summary": "Mumbai, October 29, 2026: The N.M. Joshi Marg police have registered an FIR against two senior executives of Equentis Wealth Advisory Services Pvt Ltd for allegedly cheating investors of Rs 2.28 crore by promising fixed monthly returns of 12–15 per cent through stock market investments. The accused have been identified as Preeti Daniel Kangare, an assistant general manager, and Pragya Shetty, a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}