Who was involved in the Rs 47 lakh fraud case?

The fraud case involved Marathi actor Varsha Usgaonkar, another actor Mrunalini Subhash Jambhale, and three other individuals who were allegedly defrauded by Avinash Jadhav.

What was the alleged investment opportunity in the fraud case?

The accused, Avinash Jadhav, pitched an investment opportunity tied to a construction project in Dombivli, promising high returns and timely repayment of principal.

What actions did the accused take after receiving the money?

After receiving approximately Rs 47 lakh, the accused allegedly made partial repayments, then stopped further payments, changed his contact details, and refused to return the remaining funds.

Home / Crime and Justice / Actor Falls Victim to Rs 47 Lakh Fraud Scheme

Actor Falls Victim to Rs 47 Lakh Fraud Scheme

5 Mar

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Summary

An accused allegedly posed as a producer and builder.
Victims invested Rs 47 lakh in a construction project.
The accused changed his number and address to evade victims.

Actor Falls Victim to Rs 47 Lakh Fraud Scheme

A fraud case involving approximately Rs 47 lakh has reportedly ensnared Marathi actor Varsha Usgaonkar and other individuals from the entertainment industry. The Mumbai Police are investigating Avinash Jadhav, who allegedly deceived victims by presenting himself as a builder and film producer.

Between November 2019 and February 2020, Jadhav allegedly pitched an investment opportunity in a Dombivli construction project. He assured investors of substantial profits and the return of their principal within a year, leading them to transfer money via cheques and online transactions.

While some investors received a partial repayment of Rs 4.52 lakh, Jadhav allegedly ceased further payments and became unreachable by changing his mobile number and address. When confronted in Dombivli, he reportedly refused to repay the funds, daring victims to take legal action.

The Shivaji Park Police have registered a case against Jadhav under sections related to cheating and criminal intimidation. The investigation is ongoing, with authorities examining financial transactions and seeking to identify any additional victims.

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