Pune: Couple Accused of Rs 2.31 Crore Fraud in Joint Venture in Deccan; Police Launch Investigation

Pune:

A case of substantial fraud amounting to Rs 2 crore 31 lakh 20 thousand has emerged, implicating a husband-wife duo in a deceptive scheme involving the misappropriation of materials from a partnership business and reselling them through their private companies. The Deccan Police have registered a case against the accused couple in this case.

Charudatta Shriniwas Mudgal (58), a resident of Eden Garden, PYC Colony in Deccan Gymkhana, filed a complaint at the Deccan Police Station. The accused, identified as Nilesh Suresh Thole (49) and his wife, Rina Nilesh Thole, residents of Pranav Society, Phatak Baug in Navi Peth, are now under investigation based on Mudgal’s detailed allegations.

The incidents reportedly took place at Emblem Digital, a company on Prabhat Road, from 2019 to the present date. As per the police information, the plaintiff has been in the profession of material supply for the last 15 years. Meanwhile, he became acquainted with the accused, Nilesh Thole. After that, they both started the business of material supply under the name Gurukrupa Speciality Films.

Recently, Nilesh Thole reportedly informed Mudgal that the partnership business was suffering heavy losses. Suspicious, Mudgal initiated his own investigation, revealing a trail of financial manipulation. He alleges that the Tholes accessed the cash credit funds from their partnership and diverted materials to Thole’s personal firms, Shri Vallabh Digital Pvt. Ltd. in Pune, Shri Vallabh Enterprises in Bhopal, and Shri Vallabh Enterprises in Pune.

Mudgal’s complaint further claims that these materials were sold through the Thole-owned companies, and the proceeds were solely utilised for their personal ventures. The alleged fraudulent transactions resulted in financial losses to Mudgal totalling Rs 4 crore 83 lakh 23 thousand 293. An initial investigation by the financial wing of the crime branch determined that the confirmed fraud amounted to Rs 2 crore 31 lakh 20 thousand 455. Deccan Police are conducting further investigation in this case.