Pune: Wakad and Hinjawadi Police Investigate Cases of Stock Market Fraud, Victims Lose Lakhs
Varad Bhatkhande
Pimpri Chinchwad, 15th March 2024: Between December 3 and March 13, a Rahatani resident named Manoj Atmaprakash Bhatia, aged 46, fell victim to a fraudulent scheme promising lucrative stock market investments, losing an estimated Rs 75 lakh. Bhatia reported the incident to the Wakad Police Station, leading to the registration of a case against Aditya Patil and an unnamed woman.
Allegedly, Bhatia was coerced into investing the substantial sum after being misled about an IPO opportunity by the accused. While a partial amount of Rs 7,000 was credited to his bank account, the remainder was swindled. Authorities from the Wakad police are actively investigating the matter.
In a separate occurrence, Pankaj Prabhakar Terkar, aged 39 and residing in Maan, Mulshi, faced a similar fate, losing Rs 36.67 lakh to a fraudulent stock market scheme spanning from December 29 to February 27. Terkar promptly lodged a complaint at the Hinjawadi Police Station on March 13, resulting in legal action against a female suspect.
The fraudster enticed Terkar into a group, offering trading guidance, and persuaded him to initiate his investment with Rs 30,000. Terkar was deceived into investing a total of Rs 36.67 lakh. The Hinjawadi Police are currently investigating the case.
