📌 Key Points
- Bollywood actress Varsha Usgaonkar allegedly defrauded in a ₹47 lakh investment scam.
- Film producer Avinash Jadhav booked by Mumbai Police for alleged investment fraud.
- Investors claim Jadhav promised high returns within a year, but payments stopped.
- Jadhav allegedly threatened investors when they demanded their money back, according to the complaint.
Varsha Usgaonkar, a Bollywood actor, is reportedly a victim in a ₹47 lakh investment fraud. A case has been registered against film producer Avinash Jadhav after investors claimed he failed to deliver promised returns and issued threats.
Bollywood Star Falls Prey to Investment Scam
Bollywood actor Varsha Usgaonkar has reportedly been named among the victims in an alleged ₹ 47 lakh investment fraud, with the Mumbai Police registering a case against builder and film producer Avinash Jadhav. The complaint, filed at Shivaji Park Police Station, has triggered an investigation into the alleged scheme that also involves actor Mrinalini Subhash Jambhale and other investors.
Mrinalini claimed that Jadhav assured investors that the project would yield lucrative returns and that the invested amount would be returned within a year.
Police said that between November 2019 and February 2020, Mrinalini, Varsha, and three other individuals collectively invested around ₹ 47 lakh in the project. The payments were reportedly made through cheques and online bank transfers after Jadhav promised significant profits.
Producer Avinash Jadhav Booked for Fraud
Initially, the group did receive a portion of the promised returns. According to the complaint, Jadhav paid around ₹ 4.52 lakh to the investors as part of the expected profits. However, the payments later stopped, raising concerns among those who had invested.
She also claimed that when the investors eventually confronted Jadhav in Dombivli and demanded their money back, he refused to repay the amount and allegedly issued threats.
Investors Claim Promised Returns Never Materialized
Confirming the case, police officials said Shivaji Park Police have booked Jadhav for allegedly cheating Varsha, Mrinalini and others of ₹ 47 lakh. An FIR has been registered under Sections 420 (cheating) and 506 (criminal intimidation) of the Indian Penal Code.
Authorities said the case was formally registered on February 26 and has been assigned to Assistant Police Inspector Shailesh Shejul. Investigators are now examining financial transactions and attempting to trace Jadhav as the probe continues.
The investigation is ongoing, with authorities examining financial transactions and attempting to locate Avinash Jadhav. The case highlights the risks associated with investment schemes and the importance of due diligence.
