Pune Man Loses ₹24 Lakh in Stock Market Investment Fraud

• Jaysing Baburao Kurale, 58, from Nigdi Pradhikaran, Pimpri-Chinchwad, was defrauded of ₹24.06 lakh.
• Fraudsters 'Jagjit Singh' and 'AIC Manager Pedro' lured Kurale with promises of high stock market returns between October 17 and December 31, 2025.
• Kurale was shown a fictitious profit of ₹1.46 crore on an app, leading him to believe the scheme was legitimate.
• When he attempted to withdraw the 'profit', fraudsters demanded an additional ₹13.80 lakh as 'profit tax'.
• Kurale deposited a total of ₹24.06 lakh into various bank accounts but received no returns, prompting him to file a complaint at Nigdi Police Station.

Why It Matters: A Pune man lost ₹24 lakh to cyber fraudsters promising high stock market returns and fictitious profits.