Two arrested in Navi Mumbai for fake iridium investment fraud

Indian police arrested two individuals in Navi Mumbai for running a fraudulent investment scheme, claiming iridium reserves along the West Bengal-Bangladesh border and promising 50% returns from a purported ₹3.34 lakh crore government purchase. The scheme is a classic advance-fee fraud, with no evidence of actual iridium or government involvement. This is a local law enforcement action with no broader market or geopolitical implications.