In a distressing turn of events, a Punawale resident has become the victim of an elaborate share market scam, resulting in a staggering loss of Rs 26 lakh. The fraudulent transactions, carried out between November 18, 2023, and January 16, 2024, highlight the susceptibility of investors to sophisticated online schemes.
The individual, identified as Kulkarni, was lured into the Frontline K-4 WhatsApp group by the accused, Anil Sharma and Ashish Shah. The perpetrators strategically shared seemingly credible information about the stock market, building trust with Kulkarni. Once trust was established, they convinced him to invest a substantial sum in shares of CHC-SFS. However, instead of executing a legitimate investment, the fraudsters sold the shares, misappropriating the entire amount and leaving Kulkarni in significant financial distress.
In response to Kulkarni’s complaint, the Ravet Police Station (Pimpri Chinchwad Police) has initiated a thorough investigation into the matter, registering a case against the alleged accused, Anil Sharma and Ashish Shah.
