CBI brings fugitive back from Fiji accused in multi-crore investment scheme case

The Central Bureau of Investigation (CBI), working with the Ministry of External Affairs, the Ministry of Home Affairs, and Maharashtra Police, helped bring Rahul Shamrao Kalokhe back from Fiji after an Interpol Red Notice was issued.

Kalokhe is accused of being part of a large investment fraud. The CBI says he and his associates promised investors very high and guaranteed returns, which led people to invest large amounts. The money was then used for personal gain. Kalokhe left India to avoid investigation and prosecution. At the request of the Maharashtra Police, the CBI obtained an Interpol Red Notice. He was found in Fiji, held by local authorities, and sent back to India after the required steps were completed.

Public records show Rahul Shamrao Kalokhe (DIN 09677296) is a director of Trdez Investment Private Limited, started in July 2022 in Pune, Maharashtra (CIN U65993PN2022PTC213159), and Infinite Beacon India Private Limited, started in July 2023. He owns a large share in Trdez along with other directors, including Prasad Prakashrao Kulkarni.

In April 2026, the Securities and Exchange Board of India (SEBI) took action against Trdez Investment. SEBI found that the company’s stock-broking licence was used to give false regulatory legitimacy to several companies, including Infinite Beacon, IB Prop Desk, and Sispay TFS. Together, these companies raised over Rs 2,950 crore from the public by promising monthly returns of 10 to 12 per cent. Agents used Trdez’s SEBI registration to build trust with investors, but the money was sent to related companies instead of the broker. SEBI found that only about Rs 43,430 in proprietary trades had been recorded, and there were no client trades since the company began.

Directors and associates set up partnership firms to collect money from the public. Investors saw dashboards showing fake profits, and some early withdrawals were allowed to build trust before restrictions were put in place. Some funds were reportedly sent to cryptocurrencies like USDT. Even after complaints, Trdez only gave general disclaimers and did not take real action. SEBI fined Trdez Rs 1 crore for breaking the stock-broker code of conduct and SEBI Act rules. In March 2026, stock exchanges such as BSE, NSE, and MCX removed Trdez Investment as a trading member.

SEBI’s investigation also found that contact details for Infinite Beacon Financial Services were linked to Kalokhe’s phone number and email address. Earlier reports and complaints said Infinite Beacon ran a large scheme promising fixed monthly returns, usually between 8 and 12 per cent, in Maharashtra and nearby states.

In April 2026, the Securities and Exchange Board of India (SEBI) took action against Trdez Investment. SEBI found that the company’s stock-broking licence was used to give “false regulatory legitimacy” to several companies, including Infinite Beacon, IB Prop Desk, and Sispay TFS. These companies raised more than Rs 2,950 crore from the public. Investors were promised monthly returns of 10 to 12 per cent. Agents used Trdez’s SEBI registration to build trust, but the money went to related companies instead of the broker. Only about Rs 43,430 in proprietary trades was recorded, and there were no client trades since the company started.

Directors and associates set up partnership firms to collect money from the public. Investors saw dashboards showing fake profits, and some early withdrawals were allowed to build trust before restrictions were added. Some funds were reportedly sent to cryptocurrencies like USDT. Even after complaints, Trdez only gave general disclaimers and did not take real action. SEBI fined Trdez Rs 1 crore for breaking the stock-broker code of conduct and SEBI Act rules.

In March 2026, stock exchanges such as BSE, NSE, and MCX removed Trdez Investment as a trading member. SEBI’s investigation also found that contact details for Infinite Beacon Financial Services were linked to Kalokhe’s phone number and email.

Earlier reports and complaints said Infinite Beacon was running a large scheme that promised high fixed returns.

The company used its link with Trdez to gain credibility with investors. Some sources say more funds may have been raised before SEBI’s formal review. Regulatory actions, investor complaints, and the Maharashtra Police investigation into the alleged fraud led Kalokhe to leave India.