Archive · 23 May 2025
Ex-Serviceman Arrested in 4.48 Crore Investment Fraud Case
An ex-serviceman named Jetendra Kumar Choubey was arrested for tricking people into investing in his businesses.
He promised them monthly returns but then stopped paying and disappeared.
He had multiple businesses including a clinic.
More than 25 people, mostly other ex-servicemen, lost a total of 4.48 crore rupees.
The police found out about the scam after one of the investors filed a complaint.
The police arrested Choubey in New Delhi.
He is now in jail and is charged under several sections of the law.
Ex-serviceman Jetendra Kumar Choubey arrested for investment fraud.
Choubey allegedly defrauded investors of 4.48 crore.
He lured investors, primarily ex-servicemen, with 5% monthly returns.
The scam came to light after an investor filed a complaint in December 2024.
Choubey was arrested in New Delhi and remanded in judicial custody.
- Who
- Jetendra Kumar Choubey, an ex-serviceman, is the accused.
- What
- Jetendra Kumar Choubey was arrested for defrauding investors.
- When
- The arrest happened on May 21st.
- Where
- The arrest took place in New Delhi and the crime occurred in Hyderabad.
- Why
- He allegedly lured investors into his businesses by promising returns and then absconding with their money.
- Accused
- Jetendra Kumar Choubey
- Profession
- Ex-serviceman
- Amount defrauded
- 4.48 crore
- Promised monthly return
- 5%
- Complaint date
- December 2024
- Location of the investor who filed the complaint
- Bolarum
- Date of Arrest
- May 21
- Location of Arrest
- New Delhi