Cricketers Shubman Gill, Rahul Tewatia, Mohit Sharma invested in BZ scam: Gujarat CID
Updated: Dec 4th, 2024
The ₹6,000 crore scam by Bhupendrasinh Zala that has shaken Gujarat to the core has now national cricketers involved in it.
Gujarat CID sources revealed that five cricketers, including Shubman Gill, Rahul Tewatia, Mohit Sharma – players with Gujarat’s IPL franchise Gujarat Titans – and two others, had invested in the BZ investment company.
Senior officials from the CID reportedly confirmed the investment of these cricketers in the BZ scam, with investments ranging from ₹10 lakh to ₹1 crore.
It was also reported that actor Sonu Sood had attended an event hosted by Zala. The CID team is investigating whether there is any link between Sood and the scam. As of now, no connections have been found, but the investigation is ongoing.
What is the BZ scam?
Bhupendrasinh Zala, a resident of Himmatnagar, founded BZ Financial Services, BZ Traders, and BZ Group of Companies, becoming its CEO.
He opened offices in various locations and activated agents in Talod, Ransan, Himmatnagar, Vijapur, Modasa, Malpur in Aravalli, Gandhinagar, and Vadodara districts to collect money from investors.
They attracted investors by offering high returns and prizes. For example, an investment of ₹5 lakh promised a 32-inch TV, while a ₹10 lakh investment offered a trip to Goa. Additionally, a written guarantee of 7% interest on investments and fixed deposits, along with an 18% return on investment, was provided.
Zala collected ₹6,000 crore from investors, with financial transactions involving ICICI and IFC banks. Transactions worth ₹175 crore were carried out through these two accounts.
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Bhupendrasinh Zala invested money from BZ scam into crypto and bitcoins, CID probe finds
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