Archive · 9 Aug 2025
Pune Police Arrest Two in ₹5 Crore Share Market Scam
Some people in Pune were tricked into investing in fake stocks.
They were added to a group and told they could make a lot of money.
They were asked to use a fake app called Vtrade to buy stocks.
They invested a lot of money, but it was a trick.
The money was taken by the scammers, and they couldn't get it back.
The police caught two people involved and are trying to find out where all the money went.
Pune police arrested two men for a ₹5 crore share market scam.
Victims were lured via WhatsApp groups and the fake 'Vtrade' app.
The scam promised returns of 10-50% on investments.
The complainant invested ₹1.0725 crore and was shown a profit of ₹3.4 crore before realizing he was cheated.
Police have seized ₹6 lakh and are investigating the laundering of funds.
- Who
- Ganesh Lokhande and Ranjan Kumar Niranjan Sahu were arrested for the scam.
- What
- Two men were arrested for a ₹5 crore share market scam.
- When
- The scam occurred between April 20 and May 16, 2025.
- Where
- The arrests were made in Mumbai and Odisha.
- Why
- The accused lured investors with promises of high returns through a fake share market scheme to steal their money.
Scammers' Perspective
Victims' Perspective
Investment Returns
Scammers' Perspective
False promises of high returns to lure investors.
Victims' Perspective
Victims' Perspective
- Accused
- Ganesh Lokhande, Ranjan Kumar Niranjan Sahu, Ramesh Parmar
- Scam Amount
- ₹5 crore
- Victims
- 37+
- Modus Operandi
- Fake Vtrade App & WhatsApp Groups
- Seized Funds
- ₹6 lakh