Pune: Man with Dubai, Pakistan Links Arrested by Pimpri-Chinchwad Police in Rs 2.52 Crore Scam
Pimpri-Chinchwad, 12th April 2025: Cyber police from Pimpri-Chinchwad have arrested a man with ties to an international fraud network for allegedly duping a senior citizen of ₹2.52 crore through a sophisticated online trading scam. The accused, identified as Balasaheb Sakharam Chaure, a resident of Kej in Beed district, was found to be in direct contact with a Pakistani national residing in Dubai.
According to the Cyber Police, the fraud began on Facebook, where the accused lured the senior citizen with promises of high returns on investments in the share market. The victim was added to a WhatsApp group after receiving links related to “online trading” and was instructed to download a mobile application named “HSBC Trending.” Through this platform, the victim was persuaded to invest large sums under the guise of stock market trading.
Once the money was deposited, the victim was repeatedly asked to pay additional charges under various pretexts such as brokerage fees, high transaction fees, security deposits, and third-party withdrawal charges. These tactics led to a total financial loss of ₹2.52 crore.
When the victim realized that the returns and withdrawals were never materializing, he approached the Pimpri-Chinchwad Cyber Police and lodged a formal complaint. Given the scale of the scam, the Cyber Crime Unit, under the guidance of Police Commissioner Vinaykumar Choubey, launched an intensive investigation.
A special team comprising Assistant Police Inspectors Pravin Swami, Sagar Poman, Vaibhav Patil, and Vidya Patil traced the transactions to a bank account registered in Beed district. The account holder was detained, and further investigation revealed that the account was operated by Chaure. He was arrested from Jivachi Wadi in Kej taluka.
The investigation also uncovered Chaure’s connection with Dubai-based Ganesh Kale and a Pakistani national, with whom he allegedly colluded to provide Indian bank accounts in exchange for commissions. The cyber police now believe that Chaure has links to an international network operating out of Dubai and Nepal.
Further investigations are being led by Police Inspector Ravikaran Nale.
