Archive · 24 Jul 2025
Charges Filed in Rs 1,600 Crore LFS Broking Ponzi Scheme
Imagine a company that promised quick money to people who invested in it.
But, instead of investing the money properly, they used it to pay earlier investors, creating a false sense of profit.
This company, LFS Broking, did exactly that and cheated people out of at least Rs 1,600 crore.
The leader, Syed Ziajur Rahman, has been caught and is now in custody, and the money was sent to UAE through illegal channels.
The government is now trying to recover the money and has frozen many properties.
LFS Broking allegedly ran a Ponzi scheme, swindling at least Rs 1,600 crore.
The Enforcement Directorate (ED) filed a chargesheet in Kolkata.
Syed Ziajur Rahman, the mastermind, ran the company and is now arrested.
Money was invested in fake firms and moved to the UAE via illegal channels.
ED has arrested six accused and identified over 250 properties.
- Who
- Syed Ziajur Rahman, along with several others associated with LFS Broking
- What
- LFS Broking ran a Ponzi scheme, swindling at least Rs 1,600 crore.
- When
- The investigation is ongoing; chargesheet was filed recently.
- Where
- Kolkata and UAE
- Why
- To illegally collect and launder money through a Ponzi scheme.
- Scheme Type
- Ponzi
- Amount Swindled
- Rs 1,600 crore
- Mastermind
- Syed Ziajur Rahman
- Chargesheet Filed
- Kolkata
- Accused Arrested
- 6
- Properties Identified
- 250+