Pune Businessman Duped of Rs 36 Lakh in 100-Day Investment Scam, Duo Booked

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Pune, 18th June 2023: The Sinhagad Road police station has registered a case against the duo for defrauding a businessman of Rs 36 lakh with the lure of investment.

The accused are identified as Nilesh Jedhe, a resident of Nanded City and Jeevan Magade, a resident of Vadgaon Budruk.

The complainant is a businessman and is residing in the Dhankawadi area. The complainant was acquainted with the accused Jedhe, Magade. The accused had lured them to invest in a company called Linux Trade and lured them that they would get double returns in 100 days if they invested the amount. Thereafter, the complainant and his friends gave Rs 36 lakhs and 10 thousand rupees to Jedhe and Magade for investment.

However, as the promised 100-day period elapsed, the accused failed to refund the principal amount. Realizing that they had fallen victim to a fraudulent scheme, the complainant promptly approached the police to file a complaint. Crime Branch Police Inspector Shabbir Syed is investigating the case.