Journalism of Courage
Premium
Maharashtra: Businessman duped of Rs 1.25 crore by fraudsters posing as officials
After months of inquiry, the Pydhonie police, upon receiving approval from the zonal DCP, registered an FIR on Saturday against Gayake, Bagul, and unidentified accomplices.
2 min read
In 2023, Gayake convinced Shaikh that he could procure gold at a significantly lower rate — Rs 52,000 per 10 grams, compared to the then prevailing market rate of Rs 60,000 per 10 grams.The Pydhonie police have registered an FIR against two individuals and their unknown associates for allegedly impersonating a gold merchant, an excise officer, and a senior police officer to defraud a businessman of Rs 1.25 crore.
According to police, accused Ashish Suresh Gayake befriended complainant Waqas Abdul Shaikh, a 36-year-old Thane-based gold trader, over the years by posing as a gold merchant. In 2023, Gayake convinced Shaikh that he could procure gold at a significantly lower rate — Rs 52,000 per 10 grams, compared to the then prevailing market rate of Rs 60,000 per 10 grams.
“To make his story more convincing, Gayake allegedly told Shaikh that one excise officer Anil Bagul and SP rank senior officer from Vasind police, one Aniket, have illegally trafficked gold. And under the pretext of selling this ‘seized’ gold at low price, Gayake allegedly accepted Rs 1.25 crore from Shaikh between June and September 2023. However, Gayake did not give the gold to Shaikh, nor did he return his money,” said a police source after which Shaikh filed a complaint.
After months of inquiry, the Pydhonie police, upon receiving approval from the zonal DCP, registered an FIR on Saturday against Gayake, Bagul, and unidentified accomplices. They have been booked under IPC sections 420 (cheating), 406 (criminal breach of trust), and 34 (common intention). Further investigation is on.
Advertisement
Loading Taboola...
Live Blog
Top Stories
Advertisement