Ahmedabad: Crime branch officials arrested a 47-year-old software developer at Ahmedabad airport on Tuesday for allegedly cheating more than 100 people through a fake investment scheme.
Sushant Shankarrao Dev, originally from Satara district in Maharashtra, had been residing in the Naroda area of Ahmedabad before his arrest (Representative photo)
Sushant Shankarrao Dev, originally from Satara district in Maharashtra, had been residing in the Naroda area of Ahmedabad before his arrest. He had been on the run for more than two years.
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“Dev and his associates had started an office in Dahisar in 2021 dealing in cryptocurrency. They allegedly targeted residents of Dahisar and nearby areas, offering four times the returns on investments made in the scheme. Several people invested money after being assured of high profits,” a police officer said.
Investigators said the accused later withdrew and diverted the invested amounts and fled without returning the money to investors.
A case was registered at the Dahisar police station under various sections, including 406 (breach of trust), 420 (cheating), and 120(B) (criminal conspiracy) of the Indian Penal Code (IPC), along with relevant sections of the Maharashtra Protection of Interest of Depositors Act.
He is an Ahmedabad-based journalist with more than two decades of experience. His career spans business journalism and general news, with reporting across politics, crime, governance, public policy, business, industry, infrastructure, energy, ports, aviation, the environment, wildlife and social issues. He began his career in feature writing before moving into business journalism, reporting on companies and sectors including energy, infrastructure, pharmaceuticals, automobiles and real estate. Over the years, his work expanded to politics, courts, crime, public policy, civic affairs, the environment and wildlife. His reporting has taken him from government offices and courtrooms to factory floors, ports, forests and remote villages, covering stories that range from industrial investments and financial markets to elections, conservation and issues affecting everyday life. While many assignments demand the pace of the daily news cycle, others require sustained reporting over months and years to follow developments beyond the headlines. He started his journalism career with the Asian Age in Ahmedabad in 2002 as a feature writer and sub-editor. Since 2022, he has been working with Hindustan Times. Earlier, he worked with Business Standard, DNA, The Economic Times, Mint and The Times of India. His longest stint was with Mint, where he spent more than eight years reporting across multiple beats. During his career, he has worked in both reporting and editing roles, contributing to page planning, local editions and special editorial projects as newsrooms evolved from print-first operations to digital publishing. Early in his career, he also worked on media and documentary projects with an NGO and as a copywriter at a communications agency before returning to journalism. Away from work, he sometimes makes time for a pair of binoculars, table tennis, cinema and the occasional poem.
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