Delhi Police have arrested Rugved Ashwin Dengle, a resident of Kasba Peth, Pune, for allegedly cheating a woman of over Rs12.85 lakh by promising high returns on cryptocurrency investments.
The victim filed a complaint on May 20, alleging that Dengle posed as a financial advisor on social media and convinced her to invest in cryptocurrencies. Trusting his assurances, she transferred money through 29 transactions to multiple bank accounts.
Suspicious after being denied access to withdraw profits, the victim approached police. Investigation traced one beneficiary account to Pune, showing unusually high activity. A raid led to Dengle’s arrest and his transfer to Delhi.
Police seized:
14 ATM cards
15 cheque books
6 bank passbooks
4 smartphones
Rs3.45 lakh cash
During interrogation, Dengle admitted involvement in cybercrime networks and arranging mule accounts to launder the defrauded money into cryptocurrency (USDT). He also revealed a previous career in local film production but turned to fraud after financial losses.
Ongoing Probe
Authorities continue to investigate to identify Dengle’s accomplices and recover the remaining money.
