Maharashtra: Man Duped by Cyber Fraudsters Promising High Stock Market Returns in Prabhani

Prabhani : A shocking incident of crime has come to light in which a young man from Manwath was defrauded of Rs 29,07,000 after being lured with the promise of substantial returns on a large investment in the stock market. In connection with this case, a complaint has been registered at the Manwath Police Station against an unidentified mobile phone holder and five individuals holding various bank accounts.

According to the information received, the complainant, Arjun Ashokrao Pawar, received a link from an unknown number on December 9, 2025. Through this link, he was added to a WhatsApp group. Within this group, he was enticed with the prospect of earning significant profits by investing in the stock market. Having fallen into the trap set by these cyber fraudsters, Pawar proceeded to invest large sums of money on multiple occasions.

Acting in collusion, the accused gained the complainant's trust and coerced him into transferring funds into various bank accounts. These accounts included those held in the names of companies such as Jena Enterprises, Sagar Textile, Tanvi Enterprises, and Adbas Clothing Private Limited. The complainant deposited a total of ₹29,07,000 into these accounts. However, instead of receiving any returns, he realized that he had been defrauded; he immediately approached the police to report the crime.

Case Registered Against Five Individuals and Mobile Holders

In this matter, the police have registered a case under Sections 318 and 3(5) of the Bharatiya Nyaya Sanhita, 2023, against the holders of mobile numbers 7484967218, 9915895549, 7318874770, and 8968746915, along with the individuals associated with the corresponding bank accounts. Police Sub-Inspector Pramod Devkate is currently conducting the investigation.