Mumbai Cosmetic Surgeon Booked For Allegedly Duping Investor Of ₹90 Lakh With False 10% Shareholding Promise

NM Joshi Marg police booked cosmetic surgeon Dr Mohan Thomas for allegedly cheating Narendra Ramniranjan Jain of ₹90 lakh.

Jain paid ₹80 lakh via cheque and ₹10 lakh in cash after being promised a 10% stake in The Cosmetic Surgery (India) Pvt Ltd, dividends, and high returns.

A Shareholder Agreement dated April 18, 2013 gave Jain 10% shareholding at Rs10 per share, with a promise to buy back shares at ₹40 each within three months.

Jain discovered in May 2024 that ₹80 lakh was recorded as an unsecured loan in RoC filings, not as share capital.

Police have taken up the case for further investigation.