Pune's Biggest Share Market Fraud: Senior Citizen Loses ₹22 Crore After Selling Company
Pune
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News18•21-01-2026, 09:17
Pune's Biggest Share Market Fraud: Senior Citizen Loses ₹22 Crore After Selling Company
- •An 88-year-old senior citizen in Pune's Magarpatta area was defrauded of ₹22 crore in a share market investment scam.
- •The victim, originally from Gurugram, had recently sold his factory in Hadapsar industrial area during the COVID-19 pandemic, receiving a large sum.
- •Cyber thieves contacted him in October last year, promising high returns on share market investments.
- •Initially, the victim invested a small amount and was shown fake returns, but never received actual money.
- •The fraudsters then coerced him into depositing a total of ₹22.03 crore into various bank accounts for different reasons.
Why It Matters: An 88-year-old Pune resident lost ₹22 crore in a share market fraud after selling his factory.
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