Goa, Sept. 6 -- The Economic Offences Cell (EOC) of Goa Police has registered an FIR against six individuals linked to a Mumbai-based financial services company for allegedly cheating investors in Goa of Rs.4.57 crore.

According to officials, the accused lured investors by promising unusually high returns, using fabricated documents and staged presentations to project the firm as legitimate. In the initial phase, small payouts were made to some investors to build credibility and attract more victims. However, the payments later stopped, and communication with the company was abruptly cut off, leaving investors unable to recover their funds.

Police said investigations are underway to track the money trail through bank accounts and compan...