Elderly Man Duped of Over 22 Crore in Pune Share Market Scam

• An 88-year-old man in Pune's Magarpatta area was defrauded of over 22 crore rupees in a share market investment scam.
• The victim, originally from Gurugram, had sold his factory during COVID-19 and deposited the proceeds in his bank accounts.
• Fraudsters contacted him in October 2025, promising high returns and gradually siphoned off funds under various pretexts like tax and processing fees.
• The victim kept the investment hidden from his family until he realized he had been defrauded, leading to a complaint on January 21, 2026.
• Police are investigating the case, considered Pune's largest share market fraud, and have urged citizens to be cautious of such investment schemes.

Why It Matters: An elderly man lost over 22 crore rupees in Pune's largest share market scam, highlighting investment fraud risks.