Pune Businessman Duped of Rs 37 Lakh in Investment Fraud; Three Booked
Pune, 28th October 2025: A businessman from Pimpri was allegedly cheated of ₹37 lakh after being lured with promises of high returns on investment. The Chatushringi Police have registered a case against three persons, including a woman, in connection with the fraud.
According to police, the accused, who reside in Nanded City on Sinhgad Road, became acquainted with the businessman in 2022. They allegedly persuaded him to invest in their company, promising attractive and consistent returns.
The complainant initially invested ₹26 lakh with the accused. Until September 2023, the accused regularly paid him returns on his investment. However, they later stopped making payments and eventually failed to return even the principal amount. Realizing he had been duped, the businessman approached the police. The case has been handed over to the Economic Offences Wing (EOW) for further investigation.
Cyber Fraudsters Cheat Man of ₹14.17 Lakh in Share Market Scam
In another incident, a man was cheated of ₹14.17 lakh by cyber fraudsters who promised high profits from share market investments. The Swargate Police have registered a case based on a complaint filed by a resident of Maharshinagar.
According to police, the victim received a message in September from cyber criminals claiming he could earn substantial returns through online share trading. Trusting their claims, he transferred ₹14.17 lakh to multiple accounts provided by the fraudsters. However, after receiving the money, they neither provided any profits nor refunded the amount.
After realizing he had been deceived, the complainant approached the police and lodged a complaint. Senior Police Inspector Yashwant Nikam is investigating the case.
