The Pimpri Chinchwad Cyber Police have arrested a gang accused of duping nearly 150 citizens of ₹20 to ₹25 crore by luring them into fake share market investment schemes promising high returns.

The case came to light when a complainant, a programmer employed with a pharma company, came across a Facebook advertisement claiming daily profits of 10 to 20 percent on stock market investments. On clicking the link, the victim was added to multiple WhatsApp groups, including one named “E11 Kotak helps you achieve your dreams” , administered by individuals identified as Shripal Shah and Aarati Bhalla.

#Pune : Pimpri Chinchwad #CyberPolice Bust ₹25-Crore #ShareMarketScam ; 150 Investors Duped, Three Nabbed In #Kondhwa https://t.co/pRgKGgwp4n pic.twitter.com/edDsobm48t — Pune Pulse (

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