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With fake investment schemes, the woman fooled many into giving lakhs amounting upto crores

Manju Verma, accused in the case of fraud of taking over a crore rupees by fooling women and men, was rejected bail by district court on Monday.
Manju a middle-aged woman fooled women and men from 6 colonies with fake investment schemes. Further, she became close friends with the women and asked them for monetary help for fighting a case for her husband.
Objector advocate Manoj Sharma said, “Manju is booked under section 406 and section 420 of Indian Penal Code (IPC).” With the bail rejected, the case will move to session court.
“Section 406: Punishment for criminal breach of trust.—Whoever commits criminal breach of trust shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both,” Sharma cited the section.
Section 420: Cheating and dishonestly inducing delivery of property.—Whoever cheats and thereby dishonestly induces the person de­ceived to deliver any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
The victims
While there are many more victims in the Kayast community of the fake schemes sold by Manju, 8 women from Brajeshwari Annex, Ravi Nagar, Vaibhav Nagar and Revenue Nagar are fighting the case. Women shared that many other men and women are not coming out with the issue due to their image in society.
Following are the women, who are victims to the investment fraud and emotionally manipulated scheme of Manju:
Name Amount given
 Nilima Nigam 3.8 lakh
Manju Tiwari 27 lakh
Rashmi Shrivastava 15 lakh
Malini Pujara 4 lakhs
Sangita Banger 2.5 lakh
Jyoti Nigam 2 lakh
Shailja Shrivastava 1.50 lakh
Dolly Bhatangar 6.5 lakh
How did the women not catch her for so long?
Manju picked up money from women in the community by promising investment returns in 10 days. Initially, she even gave them returns after 10 days. After the return was settled, Manju came up with a new scheme of investment within an hour or two to lure them back into investments.
Among women, who were apprehensive about making money through investments, she shared the tale of how her husband’s case is pending in court and begged for financial assistance to fight the case.
Ensuring that women don’t befriend each other and find out about her fake schemes, Manju regularly spread gossip and tricked them into fighting with each other. Her network was mostly spread in Kayast community. 

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