Nagpur News.
It’s end of road for Wasankar Wealth Management’s schematic money multiplying schemes as the investors who had once reposed instant faith in him is turning to police with shattered hopes. As Prashant Wasankar is falling short on keeping up his promises and the growing apprehensions regarding his further move, more investors whose hard earned money is at stake have moved Ambazari police station increasing the number of complaints piling against him.
The Director of the company Prashant Wasankar, 9 other officials were booked by Ambazari police under fraud charges. The investigating officer PI Sudhakar Dhone, attached to City Crime Branch, informed that at least 14 people have come forward to lodge complaint against the company.
14 more victims of Wasankar’s conman-ship register cases against him
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20 May 2025
Sources in the police department inform that 14 more victims who were taken for a ride and duped of lakhs of rupees have finally come forward and have registered cases against Wasankar and his cohorts.
Nagpur Today wanted to know the names of those brave people who, like Architect Pathak, have come forward to register their complaints against Wasankar. But the Investigating Officer of the case from the Economic Offences Wing of Nagpur Police, PI Dhane refused to divulge the names of the 14 more victims who have registered the case. The reason for not divulging the names was said to be for security reasons. PI Dhane added that Wasankar’s modus operandi is still being investigated. However, in most cases, he has used efficient oratorical skills to lure and to make people develop a greed for more. This ensured that people push back the amount received into the new fancy schemes Wasankar devised.
Dhane added that he has not spared any bank in the city. Be it nationalized or Private Banks, Wasankar has savings as well as current accounts in them. He does not have significant amount in any bank. The PI added that the fraudster used to issue cheques of all these banks which invariably bounced due to lack of sufficient amounts.
Sources close to police revealed that one of Wasankar’s landed properties worth
Rs 1, 48, 000, 00/- in Vadodara (Gujarat) has been mortgaged with ICICI Bank. The police are investigating into that angle too.
PI Dhane added that only about 15% of the investigation is over yet. A lot more is still in the process. All the documents of any importance have been seized by the police. His passport too has been impounded.
PI Dhane claimed that the total amount duped by Wasankar (the complaints of which have been received by them so far) is Rs 3.5 crores. DCP Kolhe of Economic Offenses Wing was not available for comment in this regard.
