Who is Ravindranath Soni?

Ravindranath Soni is the alleged mastermind of a large-scale Ponzi scheme that defrauded over 700 victims globally.

What companies are involved in the Ponzi scheme?

The scheme involved Bluechip and at least 17 other companies, some of which were registered under the same license.

Have any celebrities been linked to the Ponzi scheme?

Yes, notices have been issued to celebrities like Sonu Sood and wrestler Khali as part of the ongoing investigation.

Home / Crime and Justice / Ponzi King's Associates Sought in Rs 1,500 Cr Global Fraud

Ponzi King's Associates Sought in Rs 1,500 Cr Global Fraud

23 Dec

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Summary

Ponzi scheme director, manager, and administrator roles were assigned.
Authorities plan lookout notices for three key associates of the mastermind.
Over 700 victims worldwide have reported losses nearing Rs 1,500 crore.

Ponzi King's Associates Sought in Rs 1,500 Cr Global Fraud

Police are preparing to issue lookout notices for Gurmeet Kaur, Divya, and Suraj Jumani, identified as key figures in Ravindranath Soni's alleged Ponzi scheme. These individuals reportedly served as directors, managers, and administrators across Soni's various companies, which have defrauded over 700 victims internationally. The total amount suspected to have been defrauded has escalated to approximately Rs 1,500 crore.

The investigation, initially focused on a Rs 42.29 lakh fraud case leading to Soni's arrest in Kanpur, has since uncovered a wider network. The Special Investigation Team (SIT) is examining 17 other companies besides Bluechip, with several registered under the same license. Investors from countries like Dubai and Malaysia have filed complaints, with more expected to come forward.