Ghaziabad Police have registered a criminal case against six individuals, including a regional political leader and his wife, over allegations of operating a large-scale investment scheme that allegedly collected nearly ₹3.5 crore from investors across Delhi-NCR by promising unusually high monthly returns.
The case was registered following complaints from multiple investors who claim they were persuaded to invest through seminars, promotional events, and personal referrals before the alleged scheme collapsed.
Police Register Case After Investor Complaints
According to police officials, the investigation was initiated after victims submitted banking records, transaction details, and supporting documents indicating substantial financial losses.
The FIR reportedly names regional political figure Surendra Kasana, his wife Preeti, and associates Lavish Chaudhary, Alimuddin Ansari, Nafees Ali, and Akbar.
Investigators are examining allegations that investors who later sought repayment of their funds were allegedly threatened and intimidated.
Seminars Allegedly Used to Attract Investors
The complaint was filed by Yogesh Kumar, a resident of Shahdara in East Delhi.
According to the complaint, the investment activity began in early 2023 after Yogesh Kumar and his brother attended meetings in Loni where they were introduced to the alleged investment opportunity.
Investigators claim the accused organized seminars, promotional gatherings, and private meetings to market investment plans that allegedly promised monthly returns ranging from five percent to eight percent.
Victims were reportedly shown presentations, business projections, and financial growth models designed to create confidence in the investment program.
Early Returns Allegedly Built Trust
Police allege that initial investors received returns during the early stages of the scheme.
Investigators believe these payouts helped establish credibility and encouraged participants to invest larger amounts.
According to the complaint, investors were also encouraged to introduce friends, relatives, business associates, and family members to the scheme.
Authorities suspect the operation relied heavily on referral-based expansion, with new investments allegedly being used to sustain payouts to earlier participants.
Investments Grew to More Than ₹3.5 Crore
According to police records, the complainant and individuals connected to him initially invested approximately ₹75 lakh.
As more people joined the scheme, the total amount allegedly routed through various bank accounts and cash transactions reportedly exceeded ₹3.5 crore over a period of roughly one year.
Investigators are examining transaction trails to determine how funds moved between accounts and whether additional entities were involved.
Alleged Scheme Collapsed After Payments Stopped
Authorities say concerns emerged when monthly payouts suddenly ceased.
When investors attempted to withdraw their money, they allegedly found that the promised investment structure had no verifiable connection to regulated financial institutions or legitimate market-linked investment operations.
Investigators are examining allegations that funds may have been diverted into personal assets and real estate purchases.
Financial Crime Units Take Over Investigation
Assistant Commissioner of Police Siddharth Gautam confirmed that an FIR has been registered under relevant provisions relating to cheating, criminal breach of trust, and criminal intimidation.
Specialized cyber and financial crime teams have reportedly begun examining bank records, transaction histories, digital evidence, and financial assets linked to the accused.
Authorities have also initiated measures to identify and trace assets that may be connected to the alleged fraud.
Investor Awareness: Red Flags of High-Return Schemes
Financial experts frequently caution that promises of fixed monthly returns significantly above market norms should be treated with caution.
Common warning signs include:
- Guaranteed returns regardless of market conditions
- Heavy reliance on referrals and network expansion
- Lack of regulatory registration or disclosures
- Pressure to recruit friends and family
- Difficulty withdrawing invested funds
Experts advise investors to independently verify regulatory approvals and business credentials before committing capital.
Shunyatax Global Insight
The case underscores how high-return investment promises and referral-driven marketing can expose individuals and families to significant financial risks. As digital payments and informal investment networks expand, financial due diligence remains one of the most effective safeguards against fraud.
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