5 days ago
Rajgarh Police Arrest 14 in Interstate Ponzi Scam Case
Police in Rajgarh say they caught a group accused of running a money scam.
The group allegedly promised people that their money would quickly become twice as much.
One businessman reportedly gave them Rs 2 crore after being promised Rs 4 crore.
The accused allegedly showed him a screenshot saying the money had been transferred.
But the money never reached his account, and the office connected to the group was closed.
The businessman then complained to the police.
Police searched locations across several states for 35 days.
They arrested 14 people and seized cash, vehicles and phones.
Police also said the group may have cheated other people in West Bengal and New Delhi.
Rajgarh police arrested 14 people accused of cheating investors with promises of instantly doubling their money.
A businessman allegedly invested Rs 2 crore after being promised Rs 4 crore in return.
The accused allegedly showed a fake screenshot claiming the Rs 4 crore had been transferred through RTGS.
Police seized Rs 1.73 crore in cash, four SUVs and 19 mobile phones valued at about Rs 2.29 crore.
The 35-day investigation covered approximately 30,000 km and raids across 10 states and Delhi; police also linked the gang to alleged losses in West Bengal and New Delhi.
- Who
- Rajgarh police arrested 14 people allegedly involved in an interstate investment-fraud gang; a businessman was identified as the main complainant.
- What
- Police allegedly busted a gang that promised to instantly double investments and seized cash, vehicles and mobile phones.
- Where
- The complaint was filed in Rajgarh, Madhya Pradesh, while police conducted raids across 10 states, Delhi and Haryana.
- When
- The businessman handed over money on July 22 and filed a complaint on July 24; the police operation lasted about 35 days.
- Why
- The businessman allegedly invested Rs 2 crore after being promised an immediate return of Rs 4 crore, but the money did not reach his account.
Key facts
- Arrests
- 14 people
- Main alleged investment
- Rs 2 crore
- Promised return
- Rs 4 crore
- Cash seized
- Rs 1.73 crore
- Other seized items
- Four SUVs and 19 mobile phones
- Total seizure value
- Approximately Rs 2.29 crore
- Investigation
- About 35 days and approximately 30,000 km across 10 states
- Additional alleged victims
- A businessman in West Bengal and a police officer from New Delhi
Sources
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