Pune Couple Defrauded of 3.78 Crores in Metro Project Scam; Accused Threaten Victims
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Pune Couple Defrauded of 3.78 Crores in Metro Project Scam; Accused Threaten Victims
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News18•05-03-2026, 09:24
Pune Couple Defrauded of 3.78 Crores in Metro Project Scam; Accused Threaten Victims
•A Pune couple was defrauded of 3.78 crore rupees under the guise of investing in a business supplying cement and steel for the Pune Metro project.
•Accused Santosh Suresh Kakade (Loni Kalbhor) and Atul Shamrao Pawar (Erandwane) lured the couple with promises of significant profits.
•The fraud began in 2020, with the couple investing over time, but receiving no returns on their 3 crore 78 lakh rupees.
•When the woman demanded her money back, the accused abused them and threatened to file a false moneylending case.
•Loni Kalbhor police registered a fraud case against the two accused; Assistant Police Inspector Jadhav is investigating. Police warn citizens to be cautious.