Two men arrested in Navi Mumbai for duping investors through fake iridium scheme
Police in Navi Mumbai have detained two individuals accused of defrauding investors with a bogus iridium venture. The suspects alleged that large iridium deposits existed on the West Bengal‑Bangladesh frontier and that the Indian government would purchase the metal for roughly ₹3.34 lakh crore, promising investors half of the proceeds. Authorities say the scheme was a fraud.