RPF Officers Duped in Share Scam
• Fake Returns, Real Losses: RPF Scam Unfolds
• No FIR Yet in RPF Share Scam
Unmesh Gujarathi
Sprouts News Exclusive
Contact: +91 9322755098
Sprouts News Exclusive
Contact: +91 9322755098
A massive financial fraud has rocked Mumbai’s RPF division, where fraudster Omprakash Yadav duped hundreds of officers by promising high returns from share trading. Using luxury displays and initial profits to gain trust, Yadav vanished with crores. Sprouts News exposed the scam, prompting advisories and demands for urgent investigation.
Contents
RPF Officers Duped in Share Scam• Fake Returns, Real Losses: RPF Scam Unfolds• No FIR Yet in RPF Share ScamFinancial Fraud Leaves Officers in Mental AgonyRPF Issues Advisory After Sprouts News Breaks StoryAlso Read: UGC Probes Dr. DY Patil Medical College Over MBBS Fee Hike.Luxury Vehicles and Lifestyle Used to Lure VictimsSprouts News Demands Urgent Probe and Victim Support
In a shocking case uncovered by Sprouts News, hundreds of officers and personnel from the Railway Protection Force (RPF) Mumbai Division have reportedly been defrauded of crores of rupees under the pretext of high returns from share market investments. The key accused, identified as Omprakash Yadav, is now absconding, and his phone remains unreachable.
According to confidential sources, Yadav initially won the trust of some officers by offering quick and handsome returns on their investments. Encouraged by early profits, many RPF personnel resorted to taking loans—society loans, personal loans, provident fund withdrawals, and even borrowing from relatives—to invest further. However, after a few months, the promised returns stopped, and Yadav began claiming losses in the market. Eventually, he vanished without a trace.
Financial Fraud Leaves Officers in Mental Agony
The fraud has triggered severe mental stress among the affected personnel, many of whom are now hesitant to report the case due to fear of departmental action. Taking up their cause, Nagmani Pandey, a member of the Sprouts News Special Investigation Team (SIT), has formally written to the Chief Minister of Maharashtra, the Director General of Police, and the Commissioner of Police. Pandey has demanded immediate intervention to provide justice to the victims and alleviate their psychological trauma.
In his communication, Pandey pointed out the systemic silence surrounding the issue, urging that those who protect society should themselves not become victims of unchecked financial fraud. He emphasized that swift legal and institutional support is vital to restoring morale within the force.
RPF Issues Advisory After Sprouts News Breaks Story
Following the report by Sprouts News, the RPF Mumbai Division has released an official advisory warning all personnel against falling prey to fraudulent investment schemes. Officers have been urged to verify any financial opportunity and avoid transferring funds without documented security or approvals.
Sources reveal that Omprakash Yadav’s fraudulent operations were not limited to the Mumbai Division alone. He allegedly targeted multiple RPF zones across India, capitalizing on his growing influence and the trust he cultivated with RPF ranks. Yet, in a disturbing development, no formal police complaint has been filed so far, which could hinder the investigative process.
Also Read: UGC Probes Dr. DY Patil Medical College Over MBBS Fee Hike.
Luxury Vehicles and Lifestyle Used to Lure Victims
According to Pandey, Yadav cultivated an aura of success by arriving at meetings in a luxury Thar SUV and maintaining close social proximity with senior officials. His apparent connections and flamboyant lifestyle helped project a façade of legitimacy, luring many unsuspecting personnel into his trap.
“His charm, affiliations, and extravagant appearances created an illusion of credibility,” Pandey noted. “This isn’t just a fraud—it’s a systematic exploitation of institutional trust.”
Sprouts News Demands Urgent Probe and Victim Support
As this financial scandal unfolds, Sprouts News reiterates the urgent need for a comprehensive probe, immediate registration of FIRs, and the formation of an independent inquiry team to trace Yadav and assess the full scale of damage. Legal experts suggest the case could invoke charges under Sections 420 (Cheating), 406 (Criminal Breach of Trust), and 120B (Criminal Conspiracy) of the Indian Penal Code.
This case is not just about lost money—it is about restoring integrity and faith in law enforcement institutions. Hundreds of RPF families now await justice, with hopes pinned on the system to hold the accused accountable.
