Overview
- An FIR dated February 26 at Shivaji Park Police Station names Avinash Jadhav under IPC sections 420 (cheating) and 506 (criminal intimidation), with Assistant Police Inspector Shailesh Shejul leading the probe.
- Complainant Mrunalini Subhash Jambhale, actress Varsha Usgaonkar, Mandar Jambhale and Zeenat Sayyed collectively invested about ₹47 lakh between November 2019 and February 2020 via cheques and online transfers.
- Investigators were told Jadhav presented himself as a builder and film producer, provided an MoU and post‑dated cheques, and initially repaid roughly ₹4.52 lakh before halting payments.
- Victims report he changed phone numbers and addresses; during a confrontation in Dombivli he allegedly refused to return the balance and issued threats.
- Police are tracing the accused and reviewing financial trails to identify any additional victims, and no arrest has been reported in the coverage available.