2.5 Lakh Investers Duped which is India’s Biggest Stock Trading Scam

Ulhas Prabhakar Khaire and his wife Raksha J Urs were adept in the art of disguise: something that helped them live on the sly.

They would shift base frequently, and along with it their identities. But one thing that never changed was their lavish lifestyle. The couple lived in big houses, drove around in trendy cars with bouncers for security, holidayed abroad, and partied in five-star hotels. They were also fond of branded apparels and fancy gadgets, said sources ; Ulhas, in particular, was a gadget freak.

Police have seized several laptops, i-Phones, i-Pads and other expensive items from his eight flats in Dwarka and the lone villa in Goa apart from 12 cars from their different addresses, including their house in Ratnagiri (Maharashtra). He had also developed a fancy for toy guns; he kept some with him always. The couple started conning people as early as 2009 while they were in Dehradun.

They used identities of Dr Rakesh Kumar Maheshwari and Dr Prachi Maheshwari and opened an instituted named ‘Institute of Psychotherapy and Counselling’ at Rajshree Complex. They made a lot of money there.

In December that year, they shifted base to Delhi, and by 2010, they had floated Stock Guru India. This time, they stole the identities of two of their Dehradun victims, Lokeshwar Dev and Priyanka Dev, and identified themselves as directors of this new company.

The couple switched identities again and became Dr Raj Zaveri and Dr Priya Zaveri for a while before becoming Siddharth Marathe and Maya Marathe; they retained the latter identities until their arrest.

“They took documents such as cellphone bills, marksheet copies and property papers from their victims and got themselves fresh IDs such as driving licence and PAN card every time. They even managed to get passports on forged papers.

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