A huge investment scam worth ₹300 crores has happened in Pune. It was run by a couple named Selva Kumar Nadar and Sneha Nadar through their company called Ashtavinayak Investment. Many software engineers and other workers in Pune lost a lot of money because of this scam. The couple tricked people by promising easy loans and very high returns on their investments.
This scam came to light in early 2023 when the Nadars suddenly left for Thailand. They did this just before many people began to complain about their company. In February 2023, Nadar’s sister-in-law reported them missing, but later it was found that they were trying to escape from the law. On March 17, 2023, a court in Pune declared them as absconding.
The investigation showed that Ashtavinayak Investment collected a lot of money from tech workers but didn’t pay back the promised money. The Economic Offences Wing (EOW) is now looking into what happened and has found that the fraud was much bigger than they thought at first.
The police are working hard to catch the Nadars, who are currently in Thailand. They’re getting help from other government agencies to bring them back to India. Interpol is also involved to make sure they face justice for their actions.
This big scam has made authorities look for other people who might’ve helped the Nadars and for any hidden money. The EOW is gathering evidence and talking to victims. They want to track where the money has gone and stop similar scams from happening again.
The search for the Nadars is a big challenge for the police. They need cooperation from other countries to bring them back. As they continue to investigate, the focus is on getting the money back for the victims and protecting others from such scams.
This case shows how important it’s to be careful when investing money and how clever thieves can be.
