According to the police, a number of prominent personalities, including mediapersons, doctors and professionals have been duped with promise of attractive returns on investments reportedly thrice the amount invested
Pune: The Solapur police are investigating a stock market fraud which they believe could go up to more than ₹15 crore, involving Fate family in Barshi. The police have arrested the main accused Vishal Fate’s father Ambadas and brother Vaibhav in connection with the fraud. The other family members identified as Vishal, his mother Alka and wife Radhika are absconding even as teams of Economic Offences Wing (EOW) have been sent to nab them from their hideout.
Vishal’s close friend Deepak Babasaheb Ambare (37), a resident of Barshi, lodged an FIR against him at the Barshi police station. Taking into consideration the large number of investors being duped, the Solapur police have decided to form a special investigation team (SIT) to arrest the culprits and eight squads have been formed to investigate the case.
According to the police, a number of prominent personalities, including mediapersons, doctors and professionals have been duped with promise of attractive returns on investments reportedly thrice the amount invested. Vishal’s father, a retired professor from Barshi college, along with Vaibhav was produced before the local court which remanded them into four days of police custody.
Ambare in his FIR stated that he had met Vishal in 2019 after which…
