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Sports Equipment Franchise Fraud: Victim Loses Rs. 11.35 Lakh

Desk_dcn by Desk_dcn
March 10, 2025
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Sports Equipment Franchise Fraud: Victim Loses Rs. 11.35 Lakh
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Pune: A financial fraud has come to light in which an unidentified individual deceived a local resident by promising a sports equipment franchise and customers of a reputed company. The victim, Jainam Rajesh Shah (28), from Shinde Ali, Shukrawar Peth, was contacted via mobile and was instructed to transfer a total of Rs. 11,35,000 to various bank accounts.

Shah, believing the fraudster’s claims, transferred the requested amount, only to realize later that he had been duped. Distressed by the incident, Shah approached the Khadak Police Station and filed a formal complaint. The police have registered a case against the unknown individual involved in the scam.

Authorities are currently investigating the matter, working to track down the fraudster and prevent further incidents. The police have urged the public to be cautious when dealing with financial transactions involving unknown parties.

Tags: A financial fraudletest newspromising a sports equipment franchisepune crimePune newspune update
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