Pune Real Estate Developer Duped of ₹6.3 Crore in Investment Scam
A Pune-based real estate developer was allegedly cheated of ₹6.3 crore by a couple who promised an 18% return on share market investments between 2019 and March 2024. The case, reported at Deccan Gymkhana police station, is now being investigated by the Economic Offences Wing (EOW) of Pune police. The developer, who was introduced to the couple’s investment firm operating from a small office in the Deccan area, was lured by the promise of lucrative returns and made several investments over four years. The couple had even signed agreements assuring repayment along with profits on demand.
However, when the developer recently sought to retrieve his invested amount along with the promised returns, the couple allegedly refused, prompting him to file a police complaint. The police have identified the couple but are yet to inspect the office where the fraudulent activity reportedly took place. Authorities said the couple had been actively promoting their scheme to multiple investors, and further investigation is underway to determine the extent of the fraud.
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