Maharashtra Financial Fraud: EOW Apprehends Trio in ₹500 Crore Investment Scam Impacting Over 11,000 Investors

The Economic Offences Wing (EOW) of Maharashtra has executed a significant enforcement action, arresting three individuals implicated in a sophisticated financial fraud scheme valued at approximately ₹500 crore. This operation, which has compromised the investments of over 11,000 individuals, represents a substantial breach of investor trust and regulatory integrity. Preliminary intelligence indicates the perpetrators employed a calculated strategy, enticing victims with assurances of a 4% monthly return on capital allocated to purported stock market trading and ancillary ventures. To establish credibility and attract further capital, the entity reportedly projected inflated monthly earnings nearing 10%, a figure inconsistent with standard market yields and indicative of a classic Ponzi-style structure. The scale of this alleged deception underscores persistent vulnerabilities in retail investment oversight and highlights the critical need for enhanced due diligence among investors. This case is now under formal investigation, with authorities focusing on asset tracing and the potential for broader network involvement. The EOW's intervention marks a pivotal step in addressing systemic financial malfeasance within the region.