India, Feb. 2 -- A special Maharashtra Protection of Interest of Depositors (MPID) court on Friday refused to discharge Shivangi Mehta, 34, who was booked along with her husband, Ashish Mehta, by the Economic Offences Wing (EOW) of the Mumbai police in a multi-crore cheating case. In December 2023, they were arrested from a luxury hotel in Surat for cheating more than 160 investors to the tune of Rs.85.17 crore by luring them with their stockbroking firm Bliss Consultants.

As per the prosecution, Ashish, who operated Bliss Consultants, took money from various depositors and promised to invest in share market trading. These people were promised a 70% return on the profit earned by Mehta, with 3% to 4% per month returns. These investors we...