Wasankar scam: Avinash Bhute, Director of Tajshree Honda, surrenders before Special Judge, gets MCR
Avinash Bhute (File Pic) Nagpur: Avinash Bhute, Director of Tajshree Honda and one of the accused in the high-profile Wasankar investment scam, on Thursday surrendered before Special Judge Munghate who remanded him to magisterial custody. It may be recalled that...
Investment Scam : Wasankar’s property to be auctioned
Nagpur: Prashant Wasankar, the alleged mastermind of dubious financial schemes duping many of crores of rupees in the name doubling the amount, would be sulking for what he has done. In first such case under Maharashtra Protection of Interest of...
Wasankar Scam : EOW recovers Rs 7.5 cr so far, Rs 27 cr still remain!
Nagpur: The Economic Offenses Wing of Nagpur Crime Branch has succeeded in recovering Rs 7.5 crores and a target of Rs 35 crores is slated to be recovered this year. A balance amount of Rs 27 Crores shall still remain to...
Bail applications of five co-accused of Wasankar scam gets rejected by High Court
Nagpur: Bail applications of five co-accused of Wasankar scam including Bhagyashree and Vinay Wasankar; Abhijeet Chaudhari and Deepak Bajaj rejected by High Court on December 22, 2015. The co-accused of Wasankar Scam seems to facing heat at the High Court too. The...
5 financial scams that robbed Nagpur of its pride
Nagpur. Nagpur has been reeling under the murky tag of city of financial scams as alarming number of gullible investors lost crores of rupees into the lure of money multipying ponzi schemes. The notorious financial frauds have litellary damaged the credibility...
Wasankar Scam : Ex-minister, corporate in EOW’s net!
Nagpur: More high profile beneficiaries are started to tumble out of the multi-crore Wasankar Investment Scam that duped hundreds of people. As Justice Suryawanshi of Special Court of MPID (Maharashtra Protection of Interests of Depositors Act) acted tough on the incident,...
Avinash Bhute withdraws plea seeking time to return Rs 9.19 cr; may invite police action
Nagpur: Noted businessman and owner of a two-wheeler dealership named Tajshree Avinash Bhute, whose links has been traced to city’s multi-crore Wasankar Investment Scam, has withdrawn its application from the court in which he had sought time to return Rs 9.19...
Wasankar Scam: Facing court heat, one of accused deposits Rs 50 lakh
Nagpur: The hard-hitting stance taken by the Justice Suryavanshi of Special Court dealing the cases under Maharashtra Protection of Interests of Depositors (MPID) Act has forced one of the horde of accused in the high-profile Wasankar investment fraud case to...
Wasankar Scam: Hidden property worth Rs. 28 cr traced
Nagpur. The sensational Wasankar group fraud case took a new turn after the investigating team dug out hidden property owned by the Wasankar family worth 28 crore. This benami property was in thenames of many close friends and relatives including an...
MPID Court rejects bail applications of 6 accused in Wasankar case
The six accused which included three men and three women had moved a bail application in the MPID case recently. Nagpur: After a marathon dictation of statement for over 4 hours (starting at 11 am to after 3:40 pm) of ruling...
PCR of Prashant Wasankar and Abhijit Chaudhari extended for two days
The Court granted two more days of PCR extending till August 8, 2014. Nagpur News. With so much complaints and such a huge work load, the Investigating Officer who is investigating into the Wasankar Wealth Management case PI...
Wasankar Scam : 15 more investors lodge plaint, defaulted amount increases to Rs 16 cr
Nagpur News. As the news of Prashant Wasankar’s arrest spread, many investors have started coming forward to lodge the complaint against him. These investors had, till date held back or were hesitating from lodging their complaints....