By | Nisar Shaikh
Ratnagiri: A shocking case of financial fraud has come to light in Chiplun, where four representatives of TWJ Associates allegedly lured investors with promises of high monthly returns and cheated them of ₹28.5 lakh. Based on the victim’s complaint, police have registered a case against all four accused.
According to the complaint filed by Pratik Dilip Mate (29, resident of Kamthe, Chiplun) at Chiplun Police Station, the fraud occurred between January 2023 and September 2025 at the company’s office in Intak Bhavan, Pagmala, Chiplun.
The accused have been identified as Sameer Subhash Narvekar and his wife C. Neha Narvekar (both residents of Guhagar), Sankesh Ramkrishna Ghag (Chiplun), and Siddhesh Shivaji Kadam (Kamthe, Chiplun). They have been booked under relevant sections of the Indian Penal Code – 216/2025, 18(2), 18(4), and 18(5).
Police said the accused convinced the complainant by offering 3–4% monthly returns on investments. Believing their claims, Pratik Mate invested ₹3.5 lakh, while his sister Trupti Mate invested ₹25 lakh, making the total fraud amount ₹28.5 lakh. However, since May 2025, the company allegedly stopped giving returns and even failed to return the principal amount.
The Chiplun Police have launched a probe and assured strict action. Authorities have also cautioned citizens not to fall prey to such fraudulent investment schemes.
