CID arrests three more agents in multi-crore BZ Group scam

Gujarat CID Crime has arrested three more agents linked to the multi-crore BZ Group ponzi scam, which had spread across Sabarkantha, Aravalli, and several other districts of the state.

According to CID officials, the accused lured investors with promises of high returns and attractive commissions, encouraging them to invest in deposit schemes floated by BZ Group. The group’s promoters and agents allegedly collected crores of rupees from hundreds of investors before defaulting on payments.

Earlier, the CID had arrested the prime accused Bhupendrasinh Zala, the head of the group, along with other associates. Zala was later released on bail.

In the ongoing probe, the CID has now arrested Bhagwan Upadhyay from Himmatnagar, Dhamendra Jaiswal from Bayad in Aravalli district, and Pravin Veni from Palanpur in Banaskantha district. All three were produced in court, which granted the agency two days’ remand for further interrogation.