A 36-year-old man from Hingoli, currently residing in Mumbai, has been arrested by the LT Marg police for allegedly running a well-planned fraud scheme targeting small businesses. Between 2014 and 2025, he is accused of duping at least 11 business owners. Police investigations revealed bank transactions worth several crores, excluding additional amounts moved through hawala and cash dealings with victims.

The accused has been identified as Ganesh Kantrao Pingalkar. According to police officials, he has no permanent residence and lives in various four- and five-star hotels. He travels in rented cabs with hired drivers and is believed to have no immediate family. In February this year, Ganesh set up an office in the Crawford Market area of South Mumbai, where he invited potential victims under the guise of business meetings.