MIDC police arrested Vinay Kamble (45), a Kharghar resident, for allegedly operating a Ponzi scam where investors were promised returns of 15% on their investments. Kamble collected approximately Rs 50 lakh from at least 15 investors, including the complainant, Mohammed Shaikh, since August 2024 at his office in Andheri.
Kamble had prior criminal cases against him, including incidents at the APMC police station in Navi Mumbai in 2022 and in Chiplun. After being released on bail, he reportedly set up offices in both Navi Mumbai and Mumbai, where he continued his fraudulent activities. The police investigation revealed that Kamble defrauded around 500 investors in Navi Mumbai following his release.
Mohammed Shaikh, who invested Rs 12 lakh in Kamble’s scheme, was among the victims. Kamble allegedly swindled approximately Rs 6 crore from investors in 2022 before serving a two-year prison sentence.
Under the supervision of DCP (Zone X) Sachin Gunjal, a police team comprising ACP Shashikant Bhosale, Senior Inspector Rajiv Chavan, Inspector Mahesh Gurav, and other staff members arrested Kamble from Navi Mumbai.
Kamble’s accomplices, including his brother Swapnil, company manager Chandrakant More, and agent Gyanendra Gupta, are also under investigation in connection with the scam.
