Five investors lodged cases against accused couple with Nikol and Vastrapur police
The investigation of the Rs 260-cr Ponzi scheme case in which a couple was accused of duping over one lakh people has been handed over to the Criminal Investigation Department (CID). A Special Investigation Team of CID crime will be taking charge of the case.
From October 11 to 14, around four complaints were lodged against Paldi-based couple identified as Vinay Shah and his wife Bhargavi Shah, who owns an advertising agency called Achercare located in President Plaza in Thaltej. They introduced a Ponzi scheme that allowed investors to earn money by advertising their products on their website and also giving them 15 to 20 per cent interest on the money within 10 to 14 months. Regarding the matter, three complaints have been lodged with the Vastrapur police station and one with Nikol police station.
Suicide note and allegation
After the complaints were lodged, the accused went missing. Police suspect that they have left the country. Vinay has circulated an 11 page-long suicide message through his office staff alleging that a BJP leader, a senior police officer and the media have taken money from him. He alleged that he has been framed and will commit suicide.
CID Crime to investigate the matter
After allegations were leveled against senior police officers, a BJP leader and members of the media, on Wednesday, Ahmedabad police commissioner A K Singh formed a SIT comprising DCPs and ACPs to investigate the matter. But the case was immediately taken from them and handed over to CID crime for investigation on orders of Director General of Police Shivanand Jha.
Accused's last known location was in Delhi
During the investigation, it was revealed that both the accused had left the country, with their bungalow and office closed. With the help of the technical team, the last known location of the accused was found in Delhi on November 7. After that, they became untraceable. The police suspect that both the accused are in Nepal and are further investigating the matter.
Dubai trip for 200 investors
The accused had organised a Dubai trip for their investors in the month of November. As per the police, the Shahs had launched a scheme in which the investors who were bringing business worth Rs 12 lakh for the company would get to travel to Dubai and Vinay had taken 200 such investors for the trip. It was also revealed that after Diwali, he was going to organise an Indonesia trip as well.
Application about scheme given to Crime branch two months back
One of the investors in the company, identified as Amit Vyas, had submitted an application to the Ahmedabad Crime branch regarding the entire Ponzi scheme around two months back. However, no action was taken in the matter by officers at the time.
SCHEME APPLICATION
One of the investors in the company, identified as Amit Vyas, had submitted an application to the Ahmedabad Crime branch regarding the entire Ponzi scheme around two months back. However, no action was taken in the matter by officers at the time.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Ponzi scheme")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}