Pune-Based Investment Firm Under Scanner in Multi-Crore Fraud Case; EOW Seeks More Complainants

Pune, 13th February 2026: The Economic Offences Wing (EOW) of Pune City Police has launched a detailed investigation into an alleged multi-crore investment fraud involving a share market firm operating from Koregaon Park, officials confirmed on Thursday.

The accused, Bhupesh Ashok Dixit (42), proprietor of Infisco Share Market Company, has been booked for allegedly duping several investors by promising exceptionally high monthly returns ranging between 4% and 10%. Police said the scheme initially appeared credible as some investors were paid returns in the early stages.

However, authorities allege that payments were later discontinued, with investors neither receiving promised profits nor their principal amounts. The complaint filed by a woman investor triggered the registration of a formal case, and officials suspect the number of victims may be significantly higher.

A First Information Report has been registered at Koregaon Park Police Station under Sections 316(2), 316(5), and 318(4) of the Bharatiya Nyaya Sanhita, 2023. The case also invokes Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999, which deal with offences related to financial establishments defrauding depositors.

The investigation is being handled by Assistant Police Inspector Utkarsha Deshmukh of the Economic Offences Wing.

Senior officials overseeing the probe include Pune Police Commissioner Amitesh Kumar, Joint Commissioner of Police Ranjankumar Sharma, Additional Commissioner of Police (Crime) Pankaj Deshmukh, Deputy Commissioner of Police (Economic and Cyber Crimes) Vivek Masal, and Assistant Commissioner of Police (Economic and Cyber Crimes) Shubhada Sankhe, who currently holds additional charge.

Police are scrutinising financial records and transaction trails linked to the firm to determine the scale of the alleged fraud. The EOW has urged individuals who invested funds with Infisco Share Market Company and suffered losses to approach authorities with supporting documentation.

Officials indicated that further legal action will depend on findings emerging from the financial audit and victim statements.