men guarding their vehicles in the parking lot.”
Apart from the apartment they lived in, the couple had bought eight other flats in Dwarka.
From giving holiday packages abroad to those who invested large sums to holding seminars in five-star hotels, Ulhas and Raksha performed the con trick with ease. They holidayed in Mauritius, Macau and Bangkok and sometimes also took their clients along. Sunil Kumar, on whose complaint a case was registered against them in Delhi, says, “I never met the couple. I was in touch with their staff, who were really impressive in the way they spoke and dressed up.”
Ankur Sachdeva, who had invested Rs 12 lakh in the firm, says he had received a number of texts from the company asking him to deposit money and promising high returns. Gurgaon resident Sunil Singh, who invested Rs 1.6 crore in the company, had sold his ancestral land and invested his money in Stock Guru in the hope of getting a good return on his money.
Ulhas Khaire may have struck it big in Delhi but he first tried his hand at cheating in his hometown, Nagpur. At 23, Khaire, who hadn’t even completed his graduation then, floated a company called PVK Group of Companies, promising financial schemes, including home loans, to investors. His first victim was Major Chandramohan Prataprai Virmani, who gave him a cheque for Rs 10 lakh as mortgage against a loan Khaire’s company promised him but which never materialised. Virmani later lodged a complaint of cheating.
At the Khaires’s rented family home in Chandan Nagar in Nagpur, there is no one around. Ulhas’s family—brother Vinod, mother Kamal and sister Veena—who believed he was dead, are in hiding. Ulhas’s grandfather Vitthal Khaire had retired as a deputy collector in Nagpur and father Prabhakar owned a liquor shop which shut after his death.
Landlord Prashant Paliwal says, “She (Kamal, Ulhas’s mother) has been staying here for the past two years. She left the house before Diwali. The police had come for an inquiry a few months ago. We were away that time but Kamal told us they