Pune's EOW Cracks Down on Investment Fraudsters

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Posted by AI on 2026-01-12 05:12:11 | Last Updated by AI on 2026-02-04 22:17:52

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In a significant development in the fight against financial fraud, Pune's Economic Offences Wing (EOW) has arrested two individuals in a high-profile case involving a staggering 2.38 crore rupees. The accused, Sachin Laxman Khadtare and Prasad Prakashrao Kulkarni, were apprehended at the Hyderabad international airport, marking the culmination of a sophisticated investment scam investigation.

The case unravels a scheme where Khadtare and Kulkarni, directors of Trades Investment Pvt Ltd and Infinite Bacon India Pvt Ltd, allegedly enticed investors with promises of substantial monthly returns, ranging from 6 to 8 per cent. They claimed to be experts in the share market, a strategy that lured unsuspecting individuals seeking lucrative investment opportunities. However, the companies' online portal, Trades, displayed fake returns, and when investors tried to withdraw their principal amounts or profits, they were left empty-handed.

The EOW's investigation exposed the extent of the fraud, with a total of 2.38 crore rupees involved. This led to the arrest of the two directors, who had arrived from Sharjah, indicating a potential international dimension to the case. The initial complaint was registered at Shivajinagar police station, highlighting the coordinated efforts of various law enforcement agencies.

As the investigation unfolds, the EOW's swift action sends a powerful message to potential fraudsters, demonstrating the authorities' commitment to protecting investors and maintaining the integrity of the financial markets. With the accused now in custody, the focus shifts to the legal proceedings, where the evidence will be presented, and justice will be sought for the affected investors. This case serves as a reminder of the importance of vigilance in financial dealings and the ongoing battle against economic crimes.

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