Pune, 18th June 2023: The Sinhagad Road police station has recently registered a case against two individuals for defrauding a businessman of Rs 36 lakh by enticing him with an investment opportunity.
The accused have been identified as Nilesh Jedhe, a resident of Nanded City, and Jeevan Magade, a resident of Vadgaon Budruk.
According to the complaint filed by the businessman, who resides in the Dhankawadi area, he was acquainted with Jedhe and Magade. The accused convinced him to invest in a company called Linux Trade, promising double returns within 100 days. Filled with hope and the prospect of lucrative gains, the complainant and his friends handed over a total sum of Rs 36 lakhs and 10 thousand rupees to Jedhe and Magade for investment.
However, as the 100-day period expired, the accused failed to return the principal amount as promised. Realizing that they had fallen victim to a fraudulent scheme, the complainant wasted no time in approaching the police to file a formal complaint. The case is now being investigated by Crime Branch Police Inspector Shabbir Syed.
Cases of financial fraud and investment scams are not uncommon, and it is crucial for individuals to exercise caution and due diligence before investing their hard-earned money. It is advisable to thoroughly research and verify the credibility of investment opportunities and individuals involved, and seek advice from trusted financial advisors if needed.
Law enforcement agencies continue to work diligently to uncover and bring to justice those involved in fraudulent activities. It serves as a reminder that individuals should remain vigilant and report any suspicious activities to the authorities promptly.
As the investigation progresses, it is hoped that the perpetrators will be apprehended, and appropriate legal action will be taken to ensure justice for the defrauded businessman. The case also serves as a reminder for the public to be wary of investment schemes that promise unrealistic returns and to conduct thorough background checks before parting with their money.
