Overview

• Shivaji Park Police filed an FIR under IPC Sections 406 and 420 on July 15 and have not made any arrests as the probe continues
• Dhanawade is accused of posing as a vice president at Tata Consultancy Services to win his childhood friend’s trust
• Between 2019 and 2021 the complainant advanced ₹1.25 crore through cash payments, bank transfers and the sale of gold jewelry
• The scheme hinged on a claim that ₹33 crore of the accused’s assets were frozen by the Income Tax Department in exchange for one of two promised flats
• Only ₹36,000 was ever returned to the victim, highlighting challenges in detecting relationship-based financial fraud