Mumbai Gold Scam: Fraudster Nabbed After Duping 60+ Victims With Fake Gold Deal
The Mahim Police apprehended Mukesh Suryawanshi (alias Maddy Surya), a 33-year-old fraudster linked to a pan-Maharashtra gold scam, from Pune’s Supreme Hotel. Suryawanshi, accused of duping over 60 victims—including farmers and professionals—by promising discounted gold, had been evading authorities since his 2022 bail on COVID-19 grounds.
Scam Details:
Suryawanshi posed as a wealthy automobile engineer with three shell companies, using forged documents and staged luxury to gain trust. His elaborate schemes included flying a Mumbai-based fashion designer to Dubai for a fake photoshoot with Moroccan models to legitimize his operations. After accepting over ₹1.5 crore, he vanished. Investigations revealed all his credentials, including bank KYCs, were fabricated.
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Victim Profiles:
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A Pune woman lost ₹42.8 lakh in 2018.
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Farmers across Dhule, Nashik, and Jalgaon were lured with promises of “double returns” on gold investments. One Dhule farmer surrendered five tolas of gold.
Legal Action & Probe:
Booked under IPC Sections 406 (criminal breach of trust), 409 (breach of trust by agents), 420 (cheating), and 34 (common intention), Suryawanshi is remanded until March 30. Police suspect his family’s involvement and are tracking remaining gang members.
