Navi Mumbai, Dec. 11 -- Two brothers from Ulwe were booked on Tuesday for allegedly cheating multiple investors of Rs.2.92 crore through fraudulent stock market schemes and a proposed food delivery app promising unusually high returns. According to the police, the duo, residents of Sector 23, Ulwe, ran a financial services firm from an office set up in Sector 30A, Sanpada. Between November 2023 and December 2025, the brothers lured a 46-year-old Hingoli farmer and several others with guarantees of quick profits, convincing them to invest large sums, collectively amounting to Rs.2.92 crore. They stopped answering the investors' calls or messages. Realising that he had been cheated, the farmer approached the police on Tuesday, after which a case was registered with the Economic Offences Wing (EOW) under Sections 316(5) (breach of trust), 316(2) (criminal breach of trust), 318(4) (cheating) and 3(5) (common intention) of the Bharatiya Nyaya Sanhita, along with the Maharashtra Protection of Interest of Depositors (MPID) Act, invoked in large-scale financial frauds....