1 week ago
Gujarat BJP Leader, Brother Arrested in Rs 3-Crore Investment Fraud
Police in Vadodara arrested two brothers over an alleged investment fraud.
The arrested men are Suresh Pansuriya and Manish Pansuriya.
Police say about Rs 3 crore may be involved.
The case concerns two real estate projects on Harni-Sama Link Road.
Three other family members have not yet been arrested.
They are Praveen, Kishore and Ravi Pansuriya.
Police want to investigate where the money went.
They also want to find out whether more people invested money in the projects.
Former Amreli district BJP vice-president Suresh Pansuriya and his brother Manish were arrested in Vadodara.
Police allege the brothers were involved in a Rs 3-crore investment fraud linked to two real estate projects.
The projects are located on Vadodara’s Harni-Sama Link Road.
Three other accused—Praveen, Kishore and Ravi Pansuriya—remain at large.
Police registered charges of cheating and violations of the Gujarat Protection of Interests of Depositors Act.
- Who
- Former Amreli district BJP vice-president Suresh Pansuriya and his brother Manish were arrested; Praveen, Kishore and Ravi Pansuriya remain at large.
- What
- They were arrested in connection with an alleged Rs 3-crore investment fraud involving two real estate projects.
- Where
- The brothers were arrested at their residence in Vemali, Vadodara, by Harni police station.
- When
- The arrests took place on Wednesday night.
- Why
- Police allege investors were cheated and are investigating the financial transactions and whether additional investors were involved.
Key facts
- Alleged fraud amount
- Rs 3 crore
- Arrested accused
- Suresh Pansuriya and Manish Pansuriya
- Other accused at large
- Praveen Pansuriya, Kishore Pansuriya and Ravi Pansuriya
- Projects involved
- Two real estate projects
- Project location
- Harni-Sama Link Road, Vadodara
- Charges
- Cheating and offences under the Gujarat Protection of Interests of Depositors Act
- Investigating authority
- Vadodara city police
Sources
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