Husband made me sign papers, no role in Rs 260 crore Ponzi case, says Bhargavi Shah

The CID on Saturday took the wife of Vinay Shah — the key accused in the Rs 260 crore Ponzi case — to her house in Paldi and carried out a search. The police recovered some precious documents from the house of Bhargavi Shah, the sleuths said, adding that no money was found.

Bhargavi is not co-operating with the police and has denied any role in the crime, cops said.  Shah had surrendered at the CID crime office on Thursday in Gandhinagar. She was produced in court on Friday where the sleuths got her in remand for six days. 

The officials on Saturday took her to her flat in Paldi to conduct a search operation. The officials also took statements of her neighbours.

“Bhargavi is not co-operating during the interrogation. She has denied all the allegations against her. She even denied having any role in the case,” a senior CID officer said. “She even alleged that her husband, Vinay, has made her sign the company documents apart from that she had no idea about the Ponzi scheme,” the official said.

Vinay and Bhargavi Shah have duped thousands of investors. Three complaints have been lodged with Vastrapur police against the couple.