Pune: Pimpri-Chinchwad Residents Duped of Rs 1.50 Crores in Investment Fraud
Pimpri Chinchwad, 6th July 2024: By promising significant profits from investments, multiple people in Pimpri-Chinchwad were scammed out of nearly Rs 1.50 crores. A woman has filed a complaint, leading to a case being registered against four individuals by the police. This incident took place near KSB Company in Chinchwad between 2018 and September 2023.
The accused are Abhishek Somnath Birajdar (age 35, resident of Baner), Durgesh Utpar (age 43, resident of Ravet), Akshada Birajdar (age around 28, resident of Baner), and Shruti Abhishek Birajdar (age 29, resident of Baner).
Shilpa Milind Devale (age 39, resident of Vishal Nagar, Wakad) has complained to the Pimpri Police Station. A case has been registered under IPC Sections 406 (criminal breach of trust), 420 (cheating and dishonestly inducing delivery of property), 506 (punishment for criminal intimidation), and 34 (acts done by several persons in furtherance of common intention), along with relevant sections of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act of 1999.
According to police reports, the accused colluded to gain the trust of the complainant and others, convincing them to invest by claiming that substantial profits would be made. The accused embezzled Rs 8,76,854 from the complainant and defrauded other individuals of Rs 1,39,87,805, totaling Rs 1,48,64,659 in fraudulent gains.
Police Inspector Dhananjay Kapare from Pimpri Police Station is investigating the matter further.
