Marathi Actress Varsha Usgaonkar Among Victims of Major Fraud Scheme

In a startling incident, Marathi actress Varsha Usgaonkar has been implicated in a fraud case where she, along with others, was deceived out of Rs. 47 lakh by a man posing as a builder and film producer. The accused, Avinash Jadhav, lured victims with promises of high returns on investments in a construction project. After initially returning a portion of the money, he ceased payments and allegedly threatened the victims when they sought answers. The Mumbai Police have launched an investigation into the matter, raising concerns about the potential for more victims. Read on to discover the full details of this unfolding story.

By Narendra Chaudhary Mar 5, 2026, 14:11 IST

Fraud Case Unveiled in Marathi Film Industry

Mumbai: In a shocking turn of events, Marathi actress Varsha Usgaonkar is among several individuals who have reportedly fallen victim to a scam totaling approximately Rs. 47 lakh. This fraudulent scheme was orchestrated by a man impersonating both a builder and a film producer, as revealed by the Mumbai Police.

The Mumbai Police have initiated an investigation into this fraud case linked to the Marathi film sector. The accused, identified as Avinash Jadhav, is alleged to have deceived multiple actresses, including the prominent Varsha Usgaonkar, out of nearly Rs. 47 lakh. A formal complaint has been lodged against him at the Shivaji Park Police Station in Mumbai.

The complainant, Mrunalini Subhash Jambhale, an actress involved in Marathi theatre and cinema, had a professional relationship with Jadhav. He purportedly presented himself as a well-known builder and film producer, enticing her to invest in a construction venture in Dombivli with promises of substantial returns in a short timeframe. He also guaranteed the return of the entire principal amount within a year.

Between November 2019 and February 2020, Mrunalini Jambhale, Varsha Usgaonkar, and three other individuals collectively transferred Rs. 47 lakh to Jadhav through cheques and online transactions.

Initially, the accused returned Rs. 4.52 lakh to establish trust, but subsequently ceased all payments. The victims claim that when they attempted to reach him, he changed his phone number and residence.

Upon visiting Dombivli for answers, the victims allege that Jadhav threatened them, stating he would not refund their money and that they could take any action they wished.

Following the revelation of the fraud, the victims filed a complaint at the Shivaji Park Police Station. Authorities have registered a case against Jadhav under IPC Sections 420 (cheating) and 506 (criminal intimidation) and have commenced an investigation.

The police are also looking into the possibility of additional victims who may have been similarly deceived by the accused.