Try GOLD - Free
Main accused in Moneyedge scam flees to Dubai, LOC issued
Hindustan Times Mumbai
|January 23, 2025
The Economic Offences Wing (EOW) of the Mumbai police has issued a Look Out Circular (LOC) against one of the partners and the main accused in the Moneyedge Group cheating case in which around 3,000 investors were allegedly cheated of ₹100 crore by the Mulund-based consultancy firm.
MUMBAI: The police said that two partners had been arrested, the third had approached the court for pre-arrest bail while the fourth had fled to Dubai.
"We have issued an LOC against Rajeev Jadhav, a Nashik resident who we believe has fled to Dubai," said a police officer. "Jadhav was instrumental in setting up Moneyedge in 2013 with Hariprasad Venugopal—both used to work in a financial institution and resigned to start the company along with civil engineer Pranav Raorane and Priya Prabhu. Prabhu was a postal department employee who took voluntary retirement from her government job to join Moneyedge and brought her investors with her."
This story is from the January 23, 2025 edition of Hindustan Times Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Mumbai
Hindustan Times Mumbai
LOK SABHA CLEARS ₹41,455 CRORE EXTRA SPENDING
The Lok Sabha on ‘Monday passed the first batch of Supplementary Demands for Grants, authorising the government for ₹41,455 crore additional spending in the current fiscal, including over ₹18,000 crore expenditure towards fertiliser subsidy.
1 min
December 16, 2025
Hindustan Times Mumbai
MODI MEETS JORDAN KING IN FIRST STAGE OF 3-COUNTRY VISIT
India and Jordan on Monday focused on ways to bolster cooperation in areas ranging from trade and investment to defence and security, with Prime Minister Narendra Modi lauding Jordanian King Abdullah II's role in countering terrorism and extremism.
1 min
December 16, 2025
Hindustan Times Mumbai
Bill to make Bengal CM chancellor of varsities fails to get Prez’s nod
President Droupadi Murmu has withheld assent to the Bill that sought to replace the West Bengal governor with the chief minister as chancellor of state-aided universities, an official from Kolkata Lok Bhawan, previously called Raj Bhawan, said on Monday.
1 mins
December 16, 2025
Hindustan Times Mumbai
7-YEAR-OLD BOY RUN OVER AFTER BIKE HITS POTHOLE
A seven-year-old boy was killed when he was run over after falling off a two-wheeler that hit a pothole on the Parol-Shirsad-Ambadi road in Palghar district on Saturday.
1 min
December 16, 2025
Hindustan Times Mumbai
Hollywood devastated as Rob Reiner and wife die in suspected homicide at LA home
The world of Hollywood and politics was left in shock on Sunday after legendary filmmaker Rob Reiner (78) and his wife Michele Singer (68) were found dead at their residence in Los Angeles, with authorities treating the case as a suspected homicide.
1 min
December 16, 2025
Hindustan Times Mumbai
‘It was dead people everywhere’
Among the thousands of people who flocked to Sydney's famed Bondi Beach on Sunday evening, some were seeking relief from the steamy weather while others joined a local Jewish group to celebrate the beginning of Hanukkah, or festival of light.
2 mins
December 16, 2025
Hindustan Times Mumbai
For Messi, mere showing up is like showering happiness
‘Bring it on’ is the attitude of the global football's mega stars, especially in an era of social media frenzy.
2 mins
December 16, 2025
Hindustan Times Mumbai
Global issues, terrorism, Gaza feature in India-Jordan talks
India and Jordan on Monday focused on ways to bolster cooperation in areas ranging from trade and investment to defence and security, with Prime Minister Narendra Modi lauding Jordanian King Abdullah II's role in countering terrorism and extremism.
2 mins
December 16, 2025
Hindustan Times Mumbai
WhatsApp ad data must meet consent rules, says NLCAT
The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that the privacy and consent safeguards it upheld in a November verdict apply to WhatsApp’s sharing of user data with its parent company ‘Meta for all purposes, including advertising.
2 mins
December 16, 2025
Hindustan Times Mumbai
SC suggests syllabi changes to raise dowry awareness
Eliminating dowry is a constitutional imperative to ensure every woman entering a marriage is an equal citizen, the Supreme Court observed on Monday, and asked the Centre and states to consider reinforcing this fact by making amends to the education curriculum to generate awareness about this “evil practice”.
2 mins
December 16, 2025
Listen
Translate
Change font size