Archive · 22 Dec 2025
Dubai Businessman Arrested in Rs 1,000-cr Scam
Ravindra Nath Soni, a businessman from Dubai, was arrested in India for allegedly running a huge scam worth Rs 1,000 crore.
He started a company called BlueChip Group that promised big returns on investments.
Many people from India, UAE, and other countries invested their money, but Soni allegedly stopped paying them back.
He ran away but was caught in Dehradun.
Police found out he had many companies and had been cheating lots of people.
They are still investigating how much money he took and where it went.
Ravindra Nath Soni, founder of BlueChip Group, was arrested in Dehradun for allegedly defrauding investors of Rs 1,000 crore.
Soni promised high returns on investments in forex trading and commodities but allegedly stopped paying investors.
He was on the run for a year before being caught after placing a food delivery order.
Police have identified assets worth Rs 29 crore linked to Soni in India and are investigating his associates.
The Enforcement Directorate is also assessing the case, and the role of Bollywood celebrities who promoted the firm is being probed.
- Who
- Ravindra Nath Soni, founder of BlueChip Group
- What
- Alleged fraud involving Rs 1,000 crore
- When
- Arrested on November 30, 2024
- Where
- Dehradun, India
- Why
- Accused of cheating investors through fraudulent investment schemes
- Name
- Ravindra Nath Soni
- Age
- 42
- Company
- BlueChip Group
- Alleged Fraud Amount
- Rs 1,000 crore
- Arrest Location
- Dehradun
- Arrest Date
- November 30, 2024
- Investment Schemes
- Forex trading, commodities like gold, oil, and metals
- Assets Identified
- Rs 29 crore in India
