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Hundreds of investors on Monday protested after finding the office of an investment firm locked in Navi Mumbai amid allegations of a scam, the police said.
Many investors claimed they had invested their life savings in the company's schemes which promised them substantial returns over a decade.
Protests erupted when several investors found the company's offices in Dadar, Mumbai, and Bhayandar in Thane district locked.
A showroom of the firm in Mira Bhayandar area was also found shut since morning.
Navi Mumbai police personnel reached the spot and dispersed the crowd.