Pune, 22 June 2025: In a ocking fraud incidents reported in Pune, an elderly woman, a man from Kothrud, and the Silver Jubilee Motors company have fallen victim to massive financial scams, causing a combined loss of over ₹30 crore.

In the first case, cyber fraudsters duped an elderly woman from Bibwewadi of ₹40 lakh by promising high returns on investments in share market IPOs. Initially, the woman received small returns, which built her trust and led her to invest more.

However, when she stopped getting any returns and found the fraudsters' contact number switched off, she realised she had been cheated. She has filed a complaint at Kondhwa Police Station. Inspector Suraj Bedre is investigating the case.

In another similar incident, a 39-year-old man from Anandnagar Park, Paud Road, Kothrud, was cheated of ₹18 lakh by cyber fraudsters using the same promise of high profits in share trading. The Kothrud Police have registered a case and Inspector Vikramsingh Kadam is conducting further investigations.

Meanwhile, in a separate high-profile fraud case, Silver Jubilee Motors Company was cheated of a staggering ₹30 crore. According to the complaint filed by Managing Director Rajvardhini Sanjay Jagtap, the accused forged fake documents and signatures to show a false loan in the company’s name, despite the original loan being fully repaid.

The fraud took place between November 1, 2023 and March 30, 2024. The Bund Garden Police have booked seven accused, including Manish Eknath Morankar and Shakeel Nadaf, both former officers of Reliance Commercial Finance (now Authum Investment & Infrastructure). Senior Inspector Ravindra Gaikwad and Assistant Inspector Arjun Mohite are investigating the case.

Police have appealed to citizens to stay alert and verify investment offers to avoid falling prey to such scams.