Mumbai gold scam: CA, father-son duo held; investors lose Rs 43.76 crore

Mumbai police arrested three businessmen, including a chartered accountant, for allegedly defrauding a bullion firm of ₹43.76 crore through a gold investment scam. The accused lured investors with initial profits, then misappropriated funds via illegal trading activities in India and Dubai. They admitted to losses and issued bouncing cheques when repayment was demanded.