With the arrest of the main accused, Bhupendrasinh Zala, in the BZ Finance Ponzi scheme, DIG CID Crime Parikshita Rathod has revealed new findings in the questioning. The scam which was earlier believed to be to the tune of ₹6000 crore has now turned out be of only ₹450 crore.

Jhala, during the interrogation, revealed that the details of the investors, who were scammed, were entered daily on the online website BZTRADE.in. On the website, the police were able to find data of 11,000 investors.

The complaint was filed for ₹6000 crore, but currently details of ₹400 crore to ₹450 crore has been found. 

It was also revealed that on November 27, when the first complaint was filed against Jhala, he went to Baglamukhi in Madhya Pradesh and later in Rajasthan for 15 days, with his phone switched off.

He later contacted his other accomplices and stayed at a farm house in Dawada village of Mehsana district for about 14 days.

He used to contact his accomplices through WhatsApp calls with three new Jio dongles. The numbers and WhatsApp chat details of the main agents of BZ GROUP have been found on his mobile phone.

During interrogation, a total of 17 branches of BZ FINANCIAL SERVICES were revealed, including (1) Prantij (2) Himatnagar (3) Vijapur (4) Palanpur (5) Raigad (6) Bhiloda (7) Khedbrahma (8) Gandhinagar (9) Ranasan (10) Modasa (11) Malpur (12) Lunawada (13) Godhra (14) Bayad (15) Vadodara (16) Dungarpur (Rajasthan) (17) Rajula (Amreli).

He confessed to having collected crores of rupees from investors through these branches. He has also settled about 17 to 18 cases worth about ₹100 crore. The properties of his relatives, friends, and others are also being investigated.

The investigation is ongoing to see if he has invested in Bitcoin-digital currency. So far, eight accused have been arrested in this crime.

According to the police, his involvement with the woman police personnel is his personal matter. He said that he was going to marry her. However, the woman policeman’s involvement in this matter will also be investigated.

Names of 3 cricketers have come up in the investigation and their investments are being investigated. One cricketer's investment is ₹10 lakh to 25 lakh. There are about 10 people who have invested more than one crore, who are being investigated.

The PAN cards and servers of the agents are being investigated. If the data has been deleted, it will be detected. What financial benefit did he take from the investors in this entire matter, how did the transaction take place, the role of the CA will be investigated. However, the police investigation did not reveal any connection with the leaders.

Accused in ₹6,000 cr scam, Bhupendrasinh Zala, remanded for seven days

CID crime arrests ₹6,000 crore scam accused Bhupendrasinh Zala from Mehsana