Archive · 1 Oct 2025
Kolhapur Duo Arrested for ₹1.5 Crore Share Market Fraud
Someone in Talegaon Dabhade, Pune, saw an ad for a company called 'Bull Market' and contacted them hoping to make money in the stock market.
The company promised the person high returns and a 'bull run.'
The person invested almost 10 lakhs in cash and 1.44 crore in Bitcoin, but the money was stolen.
The police caught two people from Kolhapur, who were using fake bank accounts to hide the money and were planning to run away to Mumbai.
One of the arrested obtained bank accounts and another updated the details online to enable cyber fraud.
Cyber Police arrested two individuals from Kolhapur in a share market scam.
The suspects are accused of defrauding a resident of Rs 1.5 Crore.
The victim was promised a 'bull run' in the share market.
The suspects were caught at the Urse Toll Plaza on the Pune-Mumbai Expressway.
The police found that the accused were in contact with someone based in Dubai.
- Who
- Cyber Police, Akram Shamshuddin Shaikh, Vinay Satyanarayan Rathi
- What
- Arrest of two individuals from Kolhapur for defrauding a resident in a share market scam.
- When
- Wednesday
- Where
- Pimpri-Chinchwad, Pune, India
- Why
- To investigate a share market scam where a resident was defrauded of Rs 1.5 Crore.
- Fraud Type
- Share Market Scam
- Amount of Fraud
- Rs 1.5 Crore
- Arrested
- 2 suspects
- Suspects
- Akram Shamshuddin Shaikh, Vinay Satyanarayan Rathi
- Location of Arrest
- Urse Toll Plaza
- Modus Operandi
- Promised a 'bull run' in share market
