Two Pune Residents Duped of ₹65 Lakh in Separate Investment Scams, Police Issue Advisory

Two individuals in Pune lost ₹65 lakh in stock market scams after fraudsters lured them with high returns. Police have registered cases and urged citizens to verify investment platforms before transferring money

Pune | 23 March, 2026: In two separate incidents highlighting the rise of financial fraud, Pune Police have registered cases after two individuals were collectively duped of ₹65 lakh in fraudulent investment schemes promising high returns.

In the first case, a senior citizen lodged a complaint at Parvati Police Station after losing ₹20.60 lakh. The victim was reportedly contacted through a mobile message in January and was persuaded to invest in a purported stock market opportunity. Trusting the claims, the individual transferred funds to multiple bank accounts provided by the fraudsters. However, no returns were received, and communication with the accused eventually ceased. The case is currently being investigated by officer Anita Hiwarkar.

In another incident, a resident of Dhayari filed a complaint at Nanded City Police Station after being cheated of ₹45.25 lakh. The victim was similarly approached with promises of lucrative profits in stock trading. Following repeated investments, the fraudsters stopped responding, exposing the scam. The investigation is being led by officer Prasad Raut.

Police officials said the modus operandi in both cases involved unsolicited calls or messages offering unusually high returns. Victims were convinced to transfer money without verifying the authenticity of the platforms.

Authorities have urged citizens to remain cautious and avoid investing based on unsolicited offers. Verifying financial platforms and consulting trusted advisors before making transactions is crucial to prevent such frauds.

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