Nowadays, in order to get rich quickly, people do not shy away from robbing the pockets of others. While the cases of cyber fraud and digital arrest are increasing across the country, on the other hand people are making each other victims of fraud by luring them with higher profits. In this way also, fraud worth lakhs and crores is being done. The latest case is of Sabarkantha, Gujarat, where a person cheated Rs 6,000 crore in five years by luring more profits.
Gujarat’s Additional Director General of Police, CID, Rajkumar Pandian said that the entire scam of cheating people under the Ponzi scheme is worth Rs 6,000 crore. He told that the main accused of the scam is Bhupendra Singh Jala, resident of Himmatnagar taluka of Sabarkantha district. When CID raided his premises, he absconded.
What did CID find from Jala’s hideout?
Additional Director General of Police, CID, Rajkumar Pandian said that Anant Darji, an agent working for Bhupendra Singh Jala’s company, has been arrested. He said that during the raid on the premises linked to Bhupendra Singh Zala, the police have seized Rs 16.37 lakh in cash, three laptops, 11 mobile phones, rubber stamps, documents and PAN cards.
Bhupendra Singh Jala cheated even the farmers
Rajkumar Pandian told that Bhupendra Singh Jala has looted teachers, farmers, policemen and retired employees by luring them with high profits. Investigation has also revealed that the accused had posted pictures with politicians on social media to establish his influence. There are photographs of him with big leaders. Jaala used to give 5 to 25 percent commission to each agent in return for investment. CID investigated both his bank accounts. Transactions worth Rs 175 crore were found from both the accounts.
Jaala’s number was put on surveillance
After getting the input of Bhupendra Singh Jala’s cheating game, CID had put his number on surveillance for a month. He runs his own firm in the name of BZ Financial Services. Jala had collected money from people in North Gujarat, Gandhinagar and Vadodara. Additional Director General of Police, CID, Rajkumar Pandian said that Jala used to call himself the CEO of BZ Group and collect deposits from people illegally.
According to the information, he did not have any approval from RBI or any other authority. To win the trust of the people, he initially gave the returns as promised on time. He had also hired agents on commission to woo people.