How a Fake Trading Scheme Trapped 1,000+ Investors.

₹100+ Crore “Trading” Scam: How Alleged Fraudsters Jitendra Mahadev Yadav and Sudhir Sadashiv Dhekane Targeted Maharashtra’s Teachers

Unmesh Gujarathi, an investigative journalist, has investigated a massive alleged trading scam exceeding ₹100 crore. The scheme, run by alleged fraudsters Jitendra Mahadev Yadav and Sudhir Sadashiv Dhekane, specifically targeted hundreds of teachers and middle-class investors across Maharashtra.

A massive alleged investment fraud has shattered lives across Maharashtra. Over a thousand middle-class investors, including many teachers, claim losses exceeding ₹100 crore. The scheme, promising high monthly returns from trading, has now collapsed, leaving a trail of financial ruin and unanswered complaints. This Sprouts News investigation uncovers the alleged operators, their methods, and the distressing human cost.

The Promises and the Vanishing Act of Alleged Fraudster Jitendra Mahadev Yadav

The alleged mastermind, fraudster Jitendra Mahadev Yadav, presented himself as a trustworthy businessman. He operated through entities named Vaishnavi Enterprises and Capital Gain Finance. Investors were promised steady, high monthly profits from share market trading. For initial months, small returns were paid, building crucial confidence. This encouraged victims to reinvest savings and refer family and colleagues.

The payments then abruptly and completely stopped. Investors allege this was a planned strategy to build false trust. Despite frantic calls and visits to their offices and homes, Jitendra Mahadev Yadav and his wife, Dipali Jitendra Yadav, became unreachable. Their listed addresses include a permanent residence in Banewadi, Sangli, and a flat in Lok Kailas, Mulund West, Mumbai. Their offices were in Sai Arcade and Takshashila Commercial Center, both in Mulund.

A Web of Trust: Using Family and Academia to Lure Victims

Complainants allege the business structure was deliberately designed to gain trust. Firms were operated in the name of alleged fraudster Dipali Jitendra Yadav, creating a “soft corner” among families. This, they claim, was a shield to obscure accountability. The network extended to an Ishwarpur (Islampur) office in Sangli’s Center Point building.

A key figure in building credibility was fraudster Sudhir Sadashiv Dhekane, Dipali’s brother. Dhekane leveraged his position as an assistant professor. He works in the AI & Data Science department at DJ Sanghvi College of Engineering in Vile Parle, Mumbai. His professional email and academic standing allegedly gave the scheme an air of legitimacy. He resides at N G Palms in Meera Road, Thane.

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Systematic Targeting of the Academic Community

The teaching community appears to have been systematically targeted. Dozens of teaching and non-teaching staff, relatives and close friends from multiple colleges invested based on personal introductions. Fraudster Sudhir Sadashiv Dhekane’s role as a trust-builder within academic circles is a central allegation. His prior associations with Thakur College of Engineering, Kandivali, Mumbai and Terna Engineering College, Nerul, Navi Mumbai expanded the potential victim pool.

Investors now describe a devastating aftermath. They face relentless EMI pressure from loans they took to invest. Severe mental stress and family hardship are widespread. There is also a pervasive fear that the alleged scheme may still be trapping new, unaware victims across the state.

Allegations of Inaction and a Plea for Accountability

A growing concern among victims is the perceived lack of concrete action. Despite multiple complaints to authorities in Mumbai and Sangli, investors see little progress. This has fueled allegations that local influence in the Sangli-Islampur region may be stifling the investigation. The silence, they say, is as painful as the financial loss.

Victims are issuing a urgent public appeal. They are calling for law enforcement agencies to launch an impartial, fast-tracked investigation. They urge the media to maintain spotlight on this alleged scam to ensure accountability. Their final plea is for citizens to verify all “high-return” schemes meticulously and share this story to prevent further ruin.

A Cautionary Tale for Every Investor

This case is a stark reminder of the dangers of unverified investment promises. The alleged exploitation of community trust and professional standing is particularly egregious. It underscores the need for extreme due diligence, especially when investments are promoted through personal networks. The affected teachers and families now await justice, hoping their ordeal prevents others from similar fate.