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    Published On : Sat, May 20th, 2017
    Latest News | By Nagpur Today Nagpur News

    Wasankar Scam : Kingpin, family sent back to Central jail

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    Nagpur:The kingpin of Nagpur’s notorious Wasankar investment scam Prashant Wasankar has to once again cool his feet in Central jail, not alone but with his family.

    A special Maharashtra Protection of Interest of Depositors (MPID) court on Friday, sent back Wasankars to the magisterial custody remand (MCR), after prosecution failed to make any progress during their police custody remand (PCR).

    Accordingly, Prashant, his wife Bhagyashree, brother Vinay, and brother-in-law Abhijeet Chaudhary, would be remanded to the Central Jail, here.

    All of them were sentenced to PCR for a week, first on May 9 and on May 15, which ended on Friday.
    The prosecution had demanded their PCR for conducting their investigations and interrogation regarding second offence lodged at Ambazari police station on December 29, 2015. The complainant alleged that she was duped for over Rs1 crore by the accused, who used to run various Ponzi schemes under the umbrella of ‘Wasankar Wealth Management Limited’.

    Special public prosecutor Kalpana Pathak pleaded for the prosecution while Shyam Dewani, Kailash Dodani, Chaitanya Barve and Harshal Puranik, represented the accused.

    On complaints of builder Vivek Pathak and scores of aggrieved depositors, all four were put behind bars on July 27, 2014. Pegged as one of the biggest such schemes in Maharashtra, the amount involved is believed to be over Rs1,500 crore, with more than 5,000 depositors falling prey to promise of easy money.

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