India, March 5 -- Bollywood actor Varsha Usgaonkar has reportedly been named among the victims in an alleged Rs.47 lakh investment fraud, with the Mumbai Police registering a case against builder and film producer Avinash Jadhav. The complaint, filed at Shivaji Park Police Station, has triggered an investigation into the alleged scheme that also involves actor Mrinalini Subhash Jambhale and other investors.

According to police officials, the complaint was lodged by Mrinalini Subhash Jambhale, who stated that she had a professional acquaintance with Jadhav. In her statement, she alleged that Jadhav introduced himself as a builder and film producer and convinced her to invest in a construction project in Dombivli.

Mrinalini claimed that J...