The Grow More scam is unraveling in Maharashtra with FIRs registered and the prime accused in custody. Investors were duped of crores through false promises, lavish displays, and sudden disappearance.
Maharashtra | July 07 ,2025: The infamous Grow More Investment Finance scam is rapidly unfolding across various districts of Maharashtra, including Shirdi, Rahata, and Nandurbar. Investors have come forward with complaints alleging they were duped of crores of rupees after being promised unusually high returns. In light of the growing scandal, police have registered multiple cases under Sections 318(4), 316(2), 3(5) of the Indian Penal Code and Section 3 of the Maharashtra Depositors Protection Act (1999).
The alleged mastermind behind the scam, Bhupendra Rajaram Savale alias Bhupendra Patil, is currently in police custody in connection with the case filed in Nandurbar. So far, 22 investors have reported losing more than ₹2 crore, and the actual number is expected to rise as more victims come forward from districts like Nashik, Jalgaon, Ahilyanagar, and Nandurbar.
The accused reportedly executed the scam by first winning the trust of investors through regular payments of returns in the initial months. Once confidence was built, the investors were persuaded to deposit larger amounts. Then, without warning, the company’s office in Shirdi was shut down, contact numbers were switched off, and the accused vanished along with their families. It is believed that the lavish lifestyle of the accused, including expensive cars and high-end living, was used as a tool to impress and deceive potential investors.
An FIR has been registered against several individuals in the scam. These include Bhupendra Rajaram Savale, Rajaram Bhatu Savale, Bhausaheb Anandrao Thorat, Sandeep Savale, Subodh Savale, Arun Ramdas Nandan, and Pooja Gokul Potinde. Police are now intensifying their investigation to locate other culprits and trace the siphoned funds.
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