Yuvraj Jagannath Gaikwad had known Rahul Shailu Yamla for nearly ten years. That history, he told police, is why he listened when Yamla introduced him to two men in April 2026.
The men were Sanjay Krishna Jadhav and Rajkumar Ayyar. Gaikwad, who lives in Malad and runs a Xerox shop in Vile Parle, says the three described themselves as traders who bought cargo containers from the Jawaharlal Nehru Port Authority and sold them on in Masjid Bunder. They offered him Rs 4 lakh in profit within 15 days if he put in Rs 10 lakh. He sent the money by RTGS to Jadhav’s account.
Nothing came back. Not the profit, and not the Rs 10 lakh. When he asked, Gaikwad says, he was met with delays and explanations, and then with a threat: Jadhav allegedly mentioned his father’s old rank as a senior police inspector and said he would “break his arms and legs”.
Police registered a cheating case, and the three accused disappeared, investigators say. Dindoshi Police have now arrested Jadhav, two days before the report, and he is in custody. An investigating officer said that under questioning he admitted to a part in the fraud alongside the other two. Yamla, who allegedly worked as a personal loan facilitator and property agent, and Ayyar have not been found.
Jadhav’s father retired from Mumbai Police in 1988. Officers have said the case is about the son.
The allegations have yet to be tested in court. For now police are working through banking records, digital evidence and the trail of the Rs 10 lakh.
