Archive · 22 Jul 2026
Navi Mumbai Police Bust ₹47-Crore Investment Scam
The Navi Mumbai Police have discovered a fake investment scheme where nearly 4,500 people were tricked into investing over ₹47 crore.
The company, OSSAM SWADESH LLP, promised high monthly returns and diamond gifts to attract investors.
Two key people, including the company's boss, Sunil Palve, and an agent, Navnath Repole, have been arrested.
The police are still looking for four more people involved.
The company initially paid returns and gave diamonds to gain trust, but later stopped paying.
The diamonds were actually worth much less than promised.
The police are now investigating how the money was spent and who benefited from it.
They are asking anyone who invested and feels cheated to come forward with their investment documents to help with the investigation.
Navi Mumbai Police busted an investment scam involving ₹47 crore and 4,500 investors.
Two key accused, including the company's CMD Sunil Palve, were arrested.
The company promised lucrative returns and diamond gifts to attract investors.
The diamonds given to investors were of inferior quality, worth around ₹20,000 instead of ₹1 lakh.
The police are investigating the money trail and appealing to affected investors to come forward.
- Who
- Navi Mumbai Police's Financial Intelligence Unit (FIU) and Crime Branch
- What
- Busted an alleged investment scam involving ₹47 crore and 4,500 investors
- When
- July 22
- Where
- Navi Mumbai
- Why
- To uncover and prosecute the fraudulent investment scheme
Investors
Accused
Investment Returns
Investors
Investors expected lucrative monthly returns and diamond gifts as promised.
Accused
The accused initially paid returns and gave diamonds to gain credibility but later stopped payments.
Diamond Gifts
Investors
Investors believed the diamonds were worth Rs 1 lakh each.
Accused
The diamonds were of inferior quality, actually worth around Rs 20,000.
- Number of Investors
- 4,500
- Amount Involved
- ₹47 crore
- Arrested Accused
- Sunil Palve, Navnath Repole
- Wanted Accused
- Jaydev Gambhe, Ashish Barve, Amol Jadhav, Dinesh Kolambe
- Sections Under BNS
- 316(5), 318(4), 3(5)
- Sections Under Banning of Unregulated Deposit Schemes Act, 2019
- 3, 5, 6
- Investigation Lead
- Anonymous complaint
- Investigation Team
- Financial Intelligence Unit (FIU) and Crime Branch