Pune Police Launch Manhunt for Share Broker Executive in Alleged Online Trading Fraud
The Hinjewadi police in Pune have initiated a comprehensive search operation for an executive from a share broking firm, following serious allegations of online trading fraud. The case involves a software professional who was reportedly deceived over an extended period, with the fraudulent activities spanning from April 30, 2025, to April 13 of this year.
Victim Files Formal Complaint After Year-Long Deception
According to police officials, the victim, a woman working in the software industry, filed a formal complaint with the Hinjewadi police on Wednesday. The investigation reveals that the suspect first contacted her in April of last year, offering assurances of substantial returns on stock market investments.
An officer from the Hinjewadi police detailed the sequence of events: "The suspect assisted the woman in opening a demat account and initially invested Rs 3 lakh in various stocks. Subsequently, he persuaded her to invest an additional Rs 2 lakh of her own funds."
How the Fraud Unfolded
The officer further explained that once the money transfer was completed, the suspect abruptly ceased all communication. "After the funds were transferred, the suspect stopped responding to calls and messages from the complainant. It was at this point that the woman realized she had been duped and approached the police for assistance," the officer added.
Initial findings from the police investigation indicate that the victim's money was transferred to a bank account located in Mumbai. Authorities are now working to trace the financial trail and identify the account holder as part of their ongoing probe.
Broader Implications and Police Response
This case highlights growing concerns about online investment scams targeting professionals in technology hubs like Pune. The Hinjewadi police have emphasized their commitment to pursuing financial fraud cases vigorously, particularly those involving sophisticated deception tactics over extended periods.
The search for the accused executive continues as police gather additional evidence and follow leads in what appears to be a carefully orchestrated financial fraud scheme.
