📷 Image: Wikimedia Commons / Sourabh.biswas003
Crime
Patna Police Arrest Shridhar Pathak in Multi‑Crore Share‑Market Scam
✍️ Amar Ujala · Bihar
🗓 07 Oct 2026, 08:31 AM
👁 14
Police in Patna’s Kotwali area have detained Shridhar Pathak for allegedly duping investors with promises of doubling their money in the stock market, resulting in a multi‑crore fraud.
Patna police announced the arrest of Shridhar Pathak from the Kotwali police‑station jurisdiction on suspicion of running a large‑scale investment fraud. Authorities say Pathak approached individuals, claiming he could double their money through stock‑market transactions, and collected funds amounting to several crores of rupees.
The investigation, launched after multiple complaints from defrauded investors, uncovered that the promised returns were fictitious and that the collected money was never invested in any legitimate securities. Police have seized documents and electronic devices believed to contain records of the scheme.
Pathak is currently in custody, and the case is being forwarded to the district crime branch for further inquiry. Investigators have urged anyone who may have been approached by the suspect to come forward with information.
The incident highlights ongoing concerns about fraudulent investment schemes that exploit the enthusiasm of retail investors in India’s booming share market.
The investigation, launched after multiple complaints from defrauded investors, uncovered that the promised returns were fictitious and that the collected money was never invested in any legitimate securities. Police have seized documents and electronic devices believed to contain records of the scheme.
Pathak is currently in custody, and the case is being forwarded to the district crime branch for further inquiry. Investigators have urged anyone who may have been approached by the suspect to come forward with information.
The incident highlights ongoing concerns about fraudulent investment schemes that exploit the enthusiasm of retail investors in India’s booming share market.