Massive Investment Fraud Rocks Hinjawadi IT Hub: 23 Booked for Multi-Crore Scam
A significant investment scam has been uncovered in Pune’s Hinjawadi IT Park, with 23 individuals, including a couple, booked for defrauding investors under the guise of TW Day companies.
Pune, October 06, 2025: A substantial investment fraud has come to light in Pune’s Hinjawadi IT Park, where a couple and 21 accomplices have been charged with defrauding investors of crores of rupees. The accused, Sameer and Neha Narvekar, allegedly operated multiple companies under the banner of “TW Day,” promising investors guaranteed monthly returns. They are now facing charges of cheating and running illegal deposit schemes, with the Warje-Malwadi Police registering a case against them.
The Narvekars reportedly lured investors by advertising high returns through various channels, including social media and word of mouth. Once funds were collected, the accused allegedly diverted the money for personal use, leaving investors with significant financial losses. The police have initiated a thorough investigation to identify all involved parties and recover the defrauded amounts.
This incident highlights the growing concern of financial frauds in Pune’s rapidly developing IT hubs, where professionals are often targeted by such schemes. Authorities are urging the public to exercise caution and conduct due diligence before making investment decisions.
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