PUNE A Chatuhshrungi based businessman was cheated to the tune of ₹2.29 crore during an online trading scam at Madhuban housing society between May 2023 and April 2024.

The complainant has been identified as Samadhan Shankar Kadam (45), a resident of Balewadi against Nilesh Bhaskar Tile, a resident of Balewadi.
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The complaint states that the accused promised huge returns and cheated the victim in the online trade scam.
Police have invoked Indian Penal Code (IPC) 406 and 420 including section 3 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 the accused.