Nagpur: Seven, Including Professor, Booked for ₹54 Lakh Govt Polytechnic Scam
-l-thumb.jpeg)
Nagpur, India: A major fraud of ₹54 lakh has been exposed at Government Polytechnic, Nagpur, where an assistant professor and his group allegedly cheated colleagues by promising to double their money through share trading.
A complaint was filed by Shyamdev Ghatole, leading Sadar police to register a case against seven people, including a husband and wife. The accused are Kishor Lala Meshram, his wife Vibha alias Vinda Kishor Meshram, Lohitsingh Dharmasingh Subhedar, Babu Kisna Hazare, Vijay Jyotiram Patil, and two directors of A.S. Traders & Developers, a company based in Kolhapur.
How the scam happened
Ghatole, a pattern maker at the college, was approached by Kishor Meshram, an associate professor in the Metallurgy Department. Though Meshram was transferred to Kolhapur in 2018, he kept in touch with his former colleagues.
Meshram, along with Kisan Hazare from the library department and Lohitsingh Subhedar, convinced Ghatole to invest ₹6 lakh, promising double returns. Initially, Ghatole invested ₹1 lakh after being assured of high profits.
Meshram and his wife held meetings at the college canteen to persuade more people to invest. Later, they organized seminars in luxury hotels, showing attractive schemes. Trusting them, 16 people invested a total of ₹54 lakh between 2021 and 2023.
Investors demand refunds
When no profits were received, investors started asking for their money back. The accused kept delaying payments, forcing Ghatole to file a police complaint.
Sadar police have registered a fraud case and started an investigation.
-t-thumb.jpeg)
-t-thumb.jpeg)