Archive · 25 Jul 2026
Pune EOW Extradites Fraud Mastermind from UAE
A man named Avinash Arjun Rathod was brought back to India from the UAE.
He is accused of tricking many people into investing money in his company, promising them high returns.
However, he never gave back the money or the returns he promised.
The police in Pune caught him and are now questioning him to find out what happened to the money and who else might be involved.
The total amount of money involved is around Rs 88 crore.
Avinash Arjun Rathod, director of APS Wealth Ventures LLP, was extradited from UAE to India.
He is accused of duping investors of Rs 88 crore by promising high returns.
Rathod was arrested at Mumbai International Airport and remanded to 10 days of police custody.
The case was registered in 2023 under Crime No. 281/2023 with multiple sections of IPC and MPID Act.
Investigators are probing the financial trail and the involvement of other associates.
- Who
- Avinash Arjun Rathod, director of APS Wealth Ventures LLP
- What
- Extradition and arrest for Rs 88 crore investment fraud
- When
- July 23, 2026
- Where
- Mumbai International Airport, Pune
- Why
- To face charges of cheating and criminal breach of trust
Investors
Avinash Arjun Rathod
Investment Returns
Investors
Investors expected high returns as promised.
Avinash Arjun Rathod
Rathod allegedly failed to deliver the promised returns.
Legal Action
Investors
Investors sought legal action to recover their investments.
Avinash Arjun Rathod
Rathod evaded legal action by fleeing the country.
- Accused
- Avinash Arjun Rathod
- Fraud Amount
- Rs 88 crore
- Company Involved
- APS Wealth Ventures LLP
- Crime No.
- 281/2023
- Sections Invoked
- 420, 406, 409, 34 of IPC; 3, 4 of MPID Act
- Extradition Date
- July 23, 2026
- Custody Duration
- 10 days