Archive · 1 Oct 2026
Ashok Kharat Remanded for Three Days in Gemstone Fraud Case
Ashokkumar Eknath Kharat is accused of cheating people by promising special powers and better futures.
Police say he told a trader that gemstones placed in rings would help his business.
The trader allegedly gave him three gold rings and ₹2.62 lakh.
The stones in the rings were later reported to be cheap and fake.
A court in Nashik has allowed police to question Kharat for three more days.
Kharat has been in custody since March 18.
Police are investigating 18 cases connected to him.
Eight of those cases involve alleged offences against women, while others involve fraud and alleged violations of the anti-superstition law.
The Nashik Sessions Court remanded Ashokkumar Eknath Kharat to three more days of police custody.
Kharat allegedly defrauded Nevasa trader Rajendra Bhagwat using fake gemstones and claims of divine powers.
Bhagwat allegedly gave Kharat three gold rings and ₹2.62 lakh in December 2022.
The rings reportedly contained fake stones worth about ₹5,000 instead of genuine gemstones.
A 24-member Special Investigation Team is probing 18 cases against Kharat, including alleged offences against women.
- Who
- Ashokkumar Eknath Kharat, also known as ‘Captain’, and Nevasa trader Rajendra Bhagwat.
- What
- Kharat was remanded to three additional days of police custody in an alleged fake-gemstone fraud case.
- When
- The court hearing occurred on Wednesday, September 30; Bhagwat allegedly met Kharat in December 2022, and the investigation was transferred to an SIT on March 20, 2026.
- Where
- The case was heard in the Nashik Sessions Court and concerns a trader from Nevasa, in Ahilyanagar.
- Why
- Police are seeking further interrogation regarding allegations that Kharat took money and gold rings after promising business benefits through gemstones and mantras.
- Court order
- Three additional days of police custody
- Accused
- Ashokkumar Eknath Kharat, alias ‘Captain’
- Alleged victim
- Rajendra Bhagwat, a trader from Nevasa
- Alleged amount
- ₹2.62 lakh in cash plus three gold rings
- Reported value of fake stones
- About ₹5,000
- Cases registered
- 18 cases, including eight involving alleged offences against women
- Investigation team
- A 24-member Special Investigation Team