Police said the accused allegedly cheated the complainant of Rs 3.98 crore and used the money for their personal gains.Two persons from Andhra Pradesh were booked for allegedly duping the managing director (MD) of a company to the tune of around Rs 4 crore after promising him lucrative returns on investing in the share market.An FIR in the matter was registered on Saturday at Bavdhan police station in Pimpri Chinchwad based on a complaint filed by a 33-year-old Baner resident.The accused were booked under Bharatiya Nyaya Sanhita (BNS) sections 316(2), 316(5), 318(4), 336(2), 336(3), 338, 339, 3(5), stated a press release issued Sunday.As per the press release, the accused persons and their associates allegedly lured the complainant into investing money in the share market in January 2023.Police said the accused allegedly forwarded a “fake contract note” in the name of ICICI Securities Limited to the complainant through bogus email addresses. Then they allegedly took money from the complainant as “margin money” and pretended to have sold him shares of Tata Motors Limited Company, the press release stated.As per the FIR, between January 2023 and July 2024, the accused persons took a total of Rs 4.97 crore from the complainant through multiple bank transactions.The FIR also mentions that the accused initially returned Rs 99,28,337 to the complainant, but later no payments were made as assured to him.Story continues below this adPolice said the accused allegedly cheated the complainant of Rs 3.98 crore and used the money for their personal gains.The investigation in the case has been handed over to the Economic Offences Wing (EOW) of the Pimpri Chinchwad police. Police said no arrest has been made yet in this case and further investigation is on.Click here to join Express Pune WhatsApp channel and get a curated list of our stories© The Indian Express Pvt Ltd