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
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.
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.
Investigators are also reviewing financial records, including an account linked to Soni's ex-wife, and have seized assets worth Rs 37 crore across 44 bank accounts. Notices have been issued to celebrities like Sonu Sood and wrestler Khali, with ongoing efforts to secure their cooperation in the widening probe.
