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Pune EOW extradites mastermind from UAE in Rs 88 crore investment scam

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Pune, July 25: The Economic Offences Wing (EOW) of Pune Police has extradited and arrested Avinash Arjun Rathod, the mastermind behind a Rs 88 crore investment fraud case, from the United Arab Emirates (UAE) after completing the required international legal procedures.

Rathod is accused of duping investors of nearly Rs 88 crore by luring them with promises of unusually high returns.

According to officials, Rathod had been absconding for a prolonged period, prompting investigating agencies to initiate legal proceedings at the international level.

A Red Corner Notice had been issued against him, following which he was traced and detained by authorities in the UAE.

After being brought back to India, Rathod was formally arrested by the Pune Police’s Economic Offences Wing at Mumbai International Airport before being taken to Pune.

He was subsequently produced before a court, which remanded him to 10 days of police custody for detailed interrogation.

Police said the case was originally registered at Chatushringi Police Station in Pune in 2023 under Crime No. 281/2023. The FIR invoked Sections 420 (cheating), 406 (criminal breach of trust), 409 (criminal breach of trust by public servant, banker, merchant or agent) and 34 of the Indian Penal Code, along with Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (MPID) Act.

The complaint was lodged on April 20, 2023, following which the investigation was transferred to the Economic Offences Wing of Pune City Police.

During the course of the investigation, police found that Avinash Arjun Rathod, director of Baner-based APS Wealth Ventures LLP, along with his wife, Vishakha Avinash Rathod, allegedly induced investors to deposit money by assuring them of attractive and high returns within a short period.

Although formal investment agreements were executed with investors, the promised returns were allegedly never paid and the invested amounts were not refunded.

According to investigators, the complainant alone had invested Rs 86,37,500 in the company, which was allegedly never returned. As the probe progressed, investigators found that the alleged fraud extended far beyond a single investor, with a large number of people being persuaded to invest in similar schemes. The total alleged fraud is estimated to be around Rs 88 crore.

Soon after the case was registered, Avinash Rathod and his wife allegedly absconded. Suspecting that the duo might flee abroad, the police initiated preventive measures and issued a Look Out Circular (LOC) against both accused on April 24, 2024, to prevent them from leaving the country or facilitate their arrest upon arrival in India.

Subsequently, the Special MPID Court at Shivajinagar in Pune issued Standing Arrest Warrants against both accused under Section 70 of the Code of Criminal Procedure (CrPC).

Proceedings under Section 82 of the CrPC to declare them Proclaimed Offenders were also initiated. Investigators later filed a chargesheet before the court, and the passports of both accused were suspended as part of the legal process.

Despite extensive searches conducted across the country, investigators were unable to trace the accused, prompting them to seek assistance from international agencies.

On June 4, 2026, a Red Corner Notice was issued against both Avinash Rathod and Vishakha Rathod. Acting on the notice, authorities in the UAE detained Avinash Rathod.

Officials said Rathod was extradited to India on July 23, 2026. Upon his arrival at Mumbai International Airport, he was formally arrested by the Pune Police’s Economic Offences Wing before being taken to Pune and produced before the court, which granted his custodial remand for 10 days.

The Economic Offences Wing has now intensified its investigation into the financial trail of the alleged fraud. Investigators are trying to ascertain how the approximately Rs 88 crore collected from investors was utilised, whether the money was diverted into properties or other assets, whether any funds were transferred abroad, and the extent of the involvement of other associates in the alleged network.

Officials believe that Rathod’s custodial interrogation could lead to significant disclosures regarding the alleged investment fraud, including details about the movement of funds and the wider network involved in the operation.

Pune Police also said efforts are underway on a priority basis to secure the return of the remaining accused, who are believed to be hiding abroad.

Investigators are maintaining close coordination with international agencies to complete the legal process for their extradition.

Crime

Tension escalates in Ujjain over Shahi Masjid portion removal; tear gas fired as stone-pelting continues

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Ujjain, Sep 28: A tense situation gripped parts of Ujjain in Madhya Pradesh on Monday morning as protests against the proposed partial removal of the historic Shahi Masjid turned restive, with stone-pelting reported and police resorting to tear gas shells to disperse the crowd.

A heavy police force remains deployed around the mosque complex amid ongoing preparations for the Simhastha 2028 event.

The unrest centres on road-widening work along an approximately 900-metre stretch from Kanthal Square to Gopal Mandir. Authorities are expanding the route to 15 metres to manage the expected large influx of pilgrims during the major Hindu religious gathering.

Several religious structures fall within the project’s alignment. Officials note that most of around 60 such structures along the route have already been cleared. However, the Shahi Masjid and a nearby mazar close to the “Khade Hanuman Mandir” have become focal points of opposition in recent days.

The Shahi Masjid, described by community members as a centuries-old Waqf property (with some accounts dating it to around 1390), is proposed for partial demolition affecting portions of the prayer hall, a minaret, and related structures.

The Madhya Pradesh High Court in Indore had earlier dismissed petitions challenging the Ujjain Municipal Corporation’s notices, citing public interest and traffic needs for the upcoming Simhastha. A further hearing related to the matter was scheduled for Monday at the Indore High Court.

Anticipating possible enforcement, authorities deployed nearly 2,000 police personnel along with heavy machinery, including earthmoving machines.

Members of the Muslim community began gathering at the Shahi Masjid complex and adjoining roads from Saturday night, raising slogans. The protests continued through Sunday night. Barricades were erected on the “Kanthal-Gopal Mandir” route to restrict movement, and surveillance was conducted using drone cameras.

Police and Rapid Action Force units maintained a strong presence.

On Monday, as the situation remained charged, some youths continued pelting stones at police personnel even as tear gas shells were fired repeatedly, police sources said. More than a dozen and a half shells were used in efforts to disperse the gathering.

Tension continued at the site while forces worked to restore order.

In a related incident during law-and-order duties, Crime Branch TI Pushpa Panchal sustained an injury to her hand. According to police, a group of women was advancing during the protest. While the female police contingent attempted to move them away safely, officers approached the group, who were using a sheet as cover. The corner of the sheet cut TI Panchal’s hand. She received first aid, and her hand was bandaged.

Police confirmed that none of the protesting women was injured and all remained safe.

The administration has emphasised that the road-widening forms part of broader infrastructure upgrades for Simhastha 2028, which is expected to draw crores of devotees. Similar actions have been taken against numerous other religious and non-religious structures across the city to ease congestion near key sites, including the Mahakaleshwar Temple area.

Community representatives have called for the mosque to be spared, while authorities maintain that the work proceeds under legal processes and development plans.

As of the latest reports, a large police contingent continues to maintain security around the mosque, with efforts focused on preventing further escalation while the High Court hearing proceeds.

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Crime

Delhi Crime Branch arrests interstate criminal, foils Rs 1 crore extortion-driven elimination plot

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New Delhi, Sep 28: The Delhi Police Crime Branch has apprehended interstate criminal Harender Nagar alias KD, 33, in connection with an extortion conspiracy targeting a financier in Rohini, recovering two sophisticated illegal pistols and 14 live cartridges from his possession, officials said on Monday.

According to the Crime Branch, Nagar, son of Jaswant Singh and a resident of Bamba­wad village in Dadri tehsil of Gautam Buddha Nagar, Uttar Pradesh, allegedly demanded Rs 1 crore as protection money from a financier based in Rohini.

Police said that after the financier refused to pay the demanded amount, Nagar came to Delhi with the alleged intention of eliminating him, posing a serious threat to his life and security.

During the operation, police recovered two sophisticated illegal pistols and 14 live cartridges from Nagar’s possession.

The accused was also allegedly wanted in connection with a major gold robbery case registered at Baldev Nagar police station in Ambala, Haryana, in which approximately 1.5 kg of gold jewellery was allegedly looted from a van on August 18.

Police said Nagar disclosed his association with the Bhau Gang and named his associate Deepak as the alleged supplier of the recovered arms and ammunition. He was also found to have previously been involved in four criminal cases registered in Delhi and Haryana.

According to the Crime Branch, the arrest is part of its efforts to identify and apprehend criminals allegedly involved in interstate activities, including extortion, robbery and planned violence.

On September 9, SI Sumit and HC Rambir received specific information regarding the presence of Harender Nagar alias KD, who had allegedly made threatening and extortion calls to a financier, Ajay Yadav alias Boss, a resident of Sector 7, Rohini, and demanded Rs 1 crore as protection money.

The information was immediately shared with senior officers, following which directions were issued to trace and apprehend the accused.

According to the information received by the police, Nagar had allegedly come to Delhi with the intention of eliminating the financier after he refused to pay the protection money that had been demanded.

Acting on the information and through technical surveillance, the dedicated team reached Sector 24, Rohini, near a drain, and took strategic positions.

At around 10:45 p.m., on a tip off by a secret informer, the team apprehended a man who was identified as Harender Nagar alias KD, 33, son of Jaswant Singh and a resident of Dadri tehsil in Gautam Buddha Nagar, Uttar Pradesh.

During a search, police recovered a sophisticated pistol along with five live cartridges from the pocket of his jeans. Another illegal sophisticated pistol along with four live cartridges was recovered from his bag, while five additional live cartridges were also recovered from his possession.

The recovered arms and ammunition were seized through a seizure memo.

Subsequently, FIR No. 217/26 under Sections 25/54/59 of the Arms Act was registered at the Crime Branch police station, and Nagar was arrested in the case.

During sustained interrogation, police said Nagar disclosed that he, along with his associate Deepak, had allegedly hatched a conspiracy to extort money from financier Ajay Yadav alias Boss.

During interrogation, Nagar also disclosed his involvement in a gold robbery conspiracy in Ambala, Haryana.

According to his alleged disclosure, he, along with his associates Deepak, Chhotu and others, had planned to rob gold jewellery while it was being transported in a van.

Police said that in pursuance of the alleged plan, Nagar and five associates robbed approximately 1.5 kg of gold jewellery from a van in Ambala on August 18, 2026.

The accused disclosed that the robbed gold jewellery was taken by his associate Deepak for disposal or sale. Police further said that three to four of his associates had already been arrested in Haryana.

Nagar also disclosed that Deepak was associated with the Bhau Gang and that he had joined him. He further disclosed that the illegal arms and ammunition recovered from his possession had allegedly been provided by Deepak, who is residing in Narela, Delhi.

Information regarding Nagar’s arrest was immediately shared with the concerned police station in Ambala, Haryana.

A team of the Crime Investigation Agency, Haryana, subsequently reached Delhi and interrogated the accused regarding the Ambala gold robbery case.

The Investigating Officer moved an application seeking transit remand of the accused before the court. However, the court directed that the application be moved before the court concerned . Accordingly, Nagar was sent to judicial custody for seven days.

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Crime

Cab driver attempts to sexually assault woman in Hyderabad

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Hyderabad, Sep 28: A cab driver allegedly attempted to sexually assault a woman near Shamshabad on the outskirts of Hyderabad and robbed her of Rs 60,000, officials said on Monday.

The incident occurred near the site of the 2019 Disha case on Friday (September 26) night but came to light on Monday. The 38-year-old woman lodged a complaint with Rajiv Gandhi International Airport (RGIA) Police Station. Police later registered an FIR.

The complainant, a resident of Devarkonda in Nalgonda district, stated that she boarded a taxi at Jadcherla around 6 p.m. on September 26 to come to Hyderabad. She was carrying Rs 60,000 in cash.

On reaching Shamshabad, the driver asked her to pay an extra Rs 50 to go to Gachibowli, to which she agreed. The FIR states that after crossing the Tondupally toll gate, the driver stopped the car at a medical shop on the ORR service road to buy medicines.

Around 8:30 p.m., he again stopped the vehicle near a deserted place beside the Kothwalguda service road and allegedly tried to molest her. When she raised an alarm and got down from the vehicle, the driver snatched the bag containing the cash and sped away.

Based on the complaint received the same night, police registered a case under Sections 74, 318(4), 303(2) of BNS and took up the investigation. It was near Tondupally toll gate that a 27-year-old woman veterinarian was gang raped and murdered on the night of November 27, 2019.

The charred body of Disha (as the victim is referred to by the investigators) was found at Chatanpally near Shadnagar the next day. The horrific incident had triggered huge public outrage and grabbed the national headlines.

Four accused arrested in the case were gunned down by police in an alleged encounter on December 6, 2019. According to police, the accused tried to snatch weapons from police while they were taken to Chatanpally as part of the investigation. Police personnel escorting them opened fire, killing all the accused.

The Supreme Court later appointed an inquiry commission to probe the alleged encounter.

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