Archive · 30 Nov 2025
Vikramgad Mayor Arrested for Alleged ₹111.63 Crore Fraud
The mayor of Vikramgad, Nilesh Padwale, and his associate, Yajnesh Ambire, were arrested for trying to steal a huge amount of money, ₹111.63 crore, from the government.
They tried to trick the bank by using fake documents.
The bank noticed something was wrong because the documents had mistakes, like using the word 'billion' instead of 'crore'.
The police are investigating, and the public is asking for a thorough check to make sure this doesn't happen again.
The bank's quick action stopped a big fraud from happening.
Vikramgad Mayor Nilesh Padwale and associate Yajnesh Ambire arrested for alleged ₹111.63 crore fraud.
Fraud discovered on November 7 when a demand draft request was presented at an SBI branch in Jawhar.
Bank officials noticed irregularities, including the use of 'billion' instead of 'crore' and forged signatures.
Police arrested Padwale and Ambire on November 29, charging them with cheating and forgery.
Public and political representatives demand a high-level inquiry to ensure accountability and review safeguards on departmental funds.
- Who
- Nilesh Padwale (Mayor of Vikramgad) and Yajnesh Ambire
- What
- Attempted fraud of ₹111.63 crore using forged documents
- When
- Discovered on November 7, arrests made on November 29
- Where
- Vikramgad, Maharashtra, India
- Why
- To siphon off public funds earmarked as security deposits from contractors
- Amount Involved
- ₹111.63 crore
- Date of Discovery
- November 7
- Date of Arrest
- November 29
- Location of Arrest
- Thane district
- Bank Involved
- State Bank of India (SBI)
- Department Involved
- Public Works Department (PWD), Maharashtra
- Charges Filed
- Cheating and forgery
- Arrested Individuals
- Nilesh Padwale (Mayor), Yajnesh Ambire