Guru Con, who cheated investors
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 had come to inquire about her son. She admitted he had become a big criminal, but also said he was insulted by someone when he was young and that he took to crime because of that incident.”
According to reports, Kamal is in Delhi to take custody of Ulhas and