New Delhi: Less than a fortnight after the promoter of APS Wealth Ventures LLP was deported from the UAE, his wife, Kiran Vishakha Rathod, has also been brought back to India.
The couple are accused of defrauding thousands of investors of crores of rupees and are under investigation by Pune Police. APS Wealth Ventures LLP promised returns of 5% to 10% per month to investors, claiming that their money would be invested in the stock market.
Between 2021 and 2023, the Rathods allegedly collected crores of rupees from investors by assuring them monthly returns of 5% to 10%. Initially, they paid small amounts to investors to gain their confidence, but later defaulted on the promised returns. The Rathods allegedly siphoned off the money and fled the country.
One of the investors claimed he was promised a 5% monthly return and invested around Rs 6 lakh. In April 2023, Pune Police registered the first FIR under sections related to cheating, criminal breach of trust and common intention. At the time, the alleged fraud was estimated at around Rs 16 crore. Subsequently, more investors approached the police. In all, around 600 investors have alleged they were duped of nearly Rs 125 crore.
Despite repeated summons, the couple failed to appear before the police. In March 2025, a Pune court issued non-bailable arrest warrants against them.
The CBI, on Wednesday, said Vishakha Rathod had been deported to India and handed over to Pune Police.
“CBI, in coordination with the MEA and the MHA, has successfully secured the deportation of Red Notice subject Vishakha Rathod from the United Arab Emirates (UAE) to India,” the CBI said.
“She arrived in Pune on August 3 and was taken into custody by the Maharashtra Police team,” the CBI added.
According to the CBI, Vishakha, along with her husband, Avinash Arjun Rathod, is wanted in connection with a large-scale financial fraud case.
“The couple, in criminal conspiracy with others, induced investors to invest in multiple schemes by falsely promising assured fixed monthly returns. She dishonestly misappropriated the funds and diverted the proceeds through multiple bank accounts and demat accounts,” the CBI said.
Earlier, on July 23, the CBI had secured the deportation of Vishakha’s husband, Avinash Arjun Rathod, from the UAE.
The CBI had also got an INTERPOL Red Notice issued against Vishakha.
Union Home Minister Amit Shah, on Tuesday, said India had managed to bring back 274 fugitives to face trial.
https://x.com/i/status/2084593931019530406
In a post on X, Amit Shah said:
“Under the vision of a robust and secure India, the Modi government has pulled in the net, nabbing fugitives hiding abroad. Regardless of which country they absconded to, India’s new approach to national security has ensured the return of 274 criminals since 2019, compared with a mere four per year during the UPA regime.
Gone are the days when criminals were allowed to sneak through the gaps in the system. New India has addressed every gap in the old system through new laws, institutions, and global partnerships, weaving an unbreachable security net.”