Investment fraud: Three more held

NASHIK: A city court on Wednesday remanded three more accused in the alleged cheating case of KBC Multi Trade Pvt Ltd to six days' police custody.
The three persons arrested by the Adgaon police on Tuesday were identified as Sanjay Jagtap, Nanasaheb Chabu Chavan and Sadhna Bapusaheb Chavan.
The Adgaon police had earlier had arrested company manager Bapusaheb Chavan, agent Pankaj Shinde and company driver Nitin Shinde on July 14 evening.They were produced before a local court on Tuesday and remanded in police custody till July 21.
The company was floated in 2010 in Adgaon area off Mumbai-Agra Highway (NH3). The directors and the agents allegedly told people that if they invested in the firm and assured the members that hey would earn more returns.