Nowadays, to get rich quick, people do not shy away from picking other people’s pockets. While cases of cyber fraud and digital arrests are increasing across the country, on the other hand, people are making each other victims of fraud by luring them with the lure of higher profits. In this way fraud worth millions of rupees is also being committed. The latest case is that of Sabarkantha in Gujarat, where a person swindled Rs 6,000 crore in five years to make more profits.
Gujarat Additional Director General of Police, CID, Rajkumar Pandian said that the entire scam of duping people under the Ponzi scheme is worth Rs 6,000 crore. He said the main accused in the scam is Bhupendra Singh Jala, a resident of Himmatnagar taluka of Sabarkantha district. When the CID raided his premises, he absconded.
What did the CID find in Jala’s hideout?
Additional Director General of Police, CID, Rajkumar Pandian, said Anant Darji, a constable 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 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 said that Bhupendra Singh Jala has looted teachers, farmers, policemen and retired employees by luring them with high profits. The investigation also revealed that the accused had posted photographs with politicians on social media to establish his influence. There are photographs of him with great leaders. Jaala used to give a commission of 5 to 25 percent to each agent in return for the investment. The CID investigated his two bank accounts. Transactions worth Rs 175 crore were found in both accounts.
Jaala’s number was put under surveillance.
After receiving information about Bhupendra Singh Jala’s cheating game, the CID put his number under surveillance for a month. He runs his own company on behalf 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 Jala used to call himself the CEO of BZ Group and collected deposits from people illegally.
According to the information, it did not have any approval from the RBI or any other authority. To gain the trust of the people, he initially delivered the promised returns on time. He had also hired commission agents to woo people.
