In a shocking turn of events, a case of financial fraud has surfaced in Baner, where a manager of a private insurance company was duped of Rs 1.19 crore in the name of an investment opportunity. The Baner police have sprung into action and registered a case against three individuals involved in the scam.
The accused have been identified as Shivaji Gajanan Shinde, Madhura Rohan Nandurgi, and Ravindra Naidu. The victim, who is a manager at a private insurance company, filed a complaint at the Baner police station after falling prey to their deceitful tactics.
It all started when the victim and Shinde, who were acquaintances from the same hometown, met at Shinde’s office in 2021. Shinde, the mastermind behind the scam, along with his colleagues Nandurgi and Naidu, lured the victim with attractive investment plans promising high returns.
Blinded by the promise of easy money, the victim withdrew funds from his own account and even borrowed from relatives to invest with Shinde. Initially, Shinde did provide some returns, but soon enough, he stopped all payments and started avoiding the victim’s inquiries about the invested money.
In a desperate attempt to cover his tracks, Shinde appointed the victim as a director in his company and then abruptly shut down the office when questioned about the missing funds. To make matters worse, Shinde resorted to threats, claiming to have connections with powerful individuals and even threatening the victim with false accusations and suicide.
The Baner police, under the leadership of Senior Police Inspector Mahesh Bolkotgi, are currently investigating the case to bring justice to the victim and ensure that the perpetrators face the consequences of their actions. This incident serves as a stark reminder to always exercise caution and due diligence when approached with investment opportunities.
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