Ahmedabad couple cheats financial advisor of ₹3.36 crore
Updated: Jan 4th, 2025
A complaint of fraud of ₹3.39 crore has been registered with the Economic Offences Wing (EOW) against one Jigar Tuli, his wife Sapna Tuli, and his mother Veena Tuli, who live in an Ashra apartment in Ahmedabad’s New Ranip.
The couple was accused of fraud by luring a woman working at an insurance agency and financial advisor in Vejalpur with attractive returns against her investment.
Before this, a complaint of fraud worth ₹42 crore has already been registered against the couple with CID Crime.
The details of the complaint filed by Jignasa Mistry, a resident of Ritwij Apartment in Thakkarbapa Nagar, state that she runs an office as an insurance and financial advisor in Sanjeevani Complex in Vejalpur.
Two years ago, she came to know that Jigar Tuli of Tenscope Management Company invests in different scripts in the stock market. Which also gives significant returns. So in May 2023, she contacted Jigar Tuli. At this time, his wife Sapna Tuli and mother Veena Tuli were also present with him.
Tuli said that he has 25 years of experience and he invests in different schemes. He also claimed that he could increase or decrease the share price as per his expectations. So he will get a 40 to 60% monthly return against her investment.
Mistry invested ₹1.88 crore in 2023, against which ₹77 lakh was returned. However, against her other investments, ₹2.25 crore as per 60% profit was not returned.
Jigar Tuli’s other firm, Tradebull, is also under the scrutiny of EOW regarding the matter.
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