Pune News

Doctors Targeted: Investment Scam Nets Rs 1.47 Crore in Kothrud

Four doctors among eight victims lose substantial sums in fraudulent share market scheme

Kothrud, Pune – In a disturbing turn of events, eight individuals, including four doctors, have become victims of a fraudulent investment scheme in Kothrud, Pune. The scam, promising high returns on investments, resulted in a collective loss of a staggering Rs 1 crore 47 lakh.

The incident came to light after a 62-year-old female doctor, residing in Narayan Peth and running a clinic, filed a complaint at the Kothrud police station. The complaint named Sameer Mohan Kulkarni (50), Madhurani Kulkarni (49), and Anil Yashwant Chaudhary (66) as the accused in the case. The fraudulent activities occurred between February 2022 and September 2023.

The investigation revealed that the Kulkarni couple and Chaudhary, formerly colleagues of the complainant’s husband, established a seemingly legitimate sharebroking firm named Shell and Pearl Investments in Kothrud. The accused, leveraging their prior acquaintance with the doctor, lured her and her husband into investing in a share market scheme with the promise of a guaranteed 15% annual return. Based on this assurance, the doctor invested a significant sum of Rs 39 lakh over time. However, upon requesting a refund, the accused refused to return the money, prompting the doctor to file a police complaint.

Further investigation unearthed that the accused had targeted seven other individuals, including three more doctors, with similar fraudulent tactics. These additional victims lost a collective sum of Rs 1 crore 8 lakh, bringing the total loss to Rs 1 crore 47 lakh. Notably, a doctor from Rambagh Colony lost Rs 42 lakh, another from Mundhwa lost Rs 25 lakh, and a third from Khandala lost Rs 5 lakh.

Police Sub-Inspector Chaitanya Katkar is currently leading the investigation into this case. The incident serves as a stark reminder for investors to exercise caution and conduct thorough due diligence before entrusting their hard-earned money with seemingly lucrative investment opportunities.

Devashish Jain

I have been a content writer for more than 5 years now and have worked on multiple niches. My articles are well researched and written in a engaging way. I have also written a few eBooks on various topics which are available on Amazon Kindle. If you are looking for a professional and experienced content writer, then please do get in touch with me.

Devashish Jain

I have been a content writer for more than 5 years now and have worked on multiple niches. My articles are well researched and written in a engaging way. I have also written a few eBooks on various topics which are available on Amazon Kindle. If you are looking for a professional and experienced content writer, then please do get in touch with me.

Related Articles

Back to top button