Pune Investment Scam: Mastermind Siddhesh Kale Arrested After Year-Long Chase

• Siddhesh Manoj Kale, main accused in a 2.94 crore rupee investment fraud, arrested by Ghodegaon police.
• Kale, along with Ganesh Dattatray Gavhane and Rahul Dilip Kale, lured investors with 30-40% annual returns through 'Edelweiss Broking Limited'.
• Accused embezzled funds from investors in the Ambegaon area without providing promised returns.
• Kale evaded police for a year, constantly changing residences, before being apprehended in Navi Mumbai.
• Police appeal to other victims to come forward and contact Ghodegaon Police Station.

Key Questions Answered

How did Siddhesh Kale defraud investors using 'Edelweiss Broking Limited'?

Siddhesh Kale defrauded investors by luring them with promises of high returns on share market investments, collecting approximately ₹2.94 crore from investors in the Ambegaon area.

What is the 'Maharashtra Protection of Interest of Depositors' (MPID) Act?

The provided sources do not contain information about the 'Maharashtra Protection of Interest of Depositors' (MPID) Act.

Where was Siddhesh Kale finally apprehended after a year of evasion?

Siddhesh Kale was apprehended in the Navi Mumbai area. He had been evading the police for over a year after being accused of defrauding people of approximately ₹2.