Nagpur: Rana Pratap Nagar Police in Nagpur have registered a case against two individuals for allegedly cheating a city-based builder and several others of more than Rs 2.18 crore by luring them with promises of high returns from share market investments.
According to the police, the complainant, Kapilkumar Meshram (39), a resident of Shekhar Enclave, Digdoh, Hingna, Nagpur, runs a construction business under the name Sunrachna Associates at Nelco Society, Trimurti Nagar, under the jurisdiction of Rana Pratap Nagar Police Station.
Gold Rate
27 Oct 2025
Meshram came into contact with the accused Manoj Dharamchand Nandanwar, resident of Plot No. 26, Narayan Enclave, Surve Nagar, Rana Pratap Nagar, Nagpur, and Vijay Kisan Mahurle (41), resident of Vijay Nagar, Bhagat Singh Ward, Nagpur, during property-related transactions.
Police said Manoj Nandanwar convinced the complainant that he and his wife invest money on behalf of clients in the share market, including commodities, futures & options, and stock trading, and earn large profits. The accused allegedly promised 100% profit within six months and persuaded Meshram to invest Rs 38 lakh. In return, they issued a post-dated cheque of Rs 76 lakh after six months.
Gaining his trust, the accused further collected a total of Rs 2,18,72,123 from Meshram, his relatives, and friends for investment, issuing post-dated cheques of higher amounts. However, none of the investors received their money back, nor any profit, resulting in alleged criminal breach of trust and financial cheating.
Based on the complaint and subsequent inquiry, Police Sub-Inspector Manohar Dandale registered an FIR at Rana Pratap Nagar Police Station under Sections 316(2), 318(4), and 3(5) of the Indian Penal Code, along with Section 3 of the Maharashtra Protection of Interest of Depositors (MPID) Act, 1999. Further investigation is underway.
Police appeal
Rana Pratap Nagar Police have appealed to the public that any person who has been similarly cheated by the accused should contact the police station with relevant documents. Victims may directly approach:
• Senior PI Pankaj Bondse: 7620393050
• PSI Manohar Dandale: 9637731272
Police have urged citizens to remain cautious about investment schemes promising unrealistically high returns.
