Pune: Pimple Saudagar Resident Duped Of Rs 20 Lakh in Stock Market Fraud

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Pimple Saudagar, 23rd February 2024: A fraudulent scheme involving a sum of 20 lakh 60 thousand rupees on the pretext of investing in the stock market has been reported. The victim was deceived as the perpetrators withdrew the amount incrementally from their bank account, claiming it was for investments in the share market. This fraudulent activity transpired between February 12 and February 20 in Pimple Saudagar.

A case has been registered against Allianz Global Investors, a UK-based company, along with company representative Vinod Kawle, Professor Arjun Kapoor, and Meena Patel. A 46-year-old man filed a complaint at Sangvi Police Station.

According to the police, the complainant came into contact with the accused Vinod through social media. They began discussing stock market investments through their acquaintance. Subsequently, Vinod introduced the complainant to Arjun Kapoor and Meena Patel. The complainant was then pressured into making investments based on information provided about the stock market. However, when attempting to withdraw the invested amount, he was deceived and lost Rs 20 lakh 60 thousand to various pretexts. The Sangvi police team is currently investigating the matter.