In a startling revelation, Mumbai-based Chartered Accountant Ambar Dalal, associated with Ritz Consultancy, has disappeared, triggering chaos among hundreds of investors who have converged at the Oshiwara Police Station. The unfolding Ponzi fraud, amounting to over Rs 1000 crores, has sent shockwaves through the financial community.
The scam, affecting more than 900 investors, came to light following the lodging of an FIR against Ambar Dalal and Ritz Consultancy. Dalal’s fraudulent scheme promised investors a monthly return of 2% with a purported guarantee of capital safety, attracting a significant number of investors, including senior citizens. However, the failure to receive March payments prompted inquiries, ultimately uncovering the scam.
According to Dalal’s family, he has been missing since March 14th, 10 am, and they have filed a missing person report with the Oshiwara Police Station. Senior PI Mohan Patil is leading the investigation into the matter.
The FIR was filed at the Oshiwara Police Station on March 15th, 2024.
Ambar Dalal has been charged under Sections 420, 406, 409 of the Indian Penal Code (IPC), along with Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999.
