Investors in Ahmedabad scammed of ₹57 lakh by promising high returns

Updated: Jan 21st, 2024


A complaint has been registered in the economic offences wing of the Crime Branch by a Bopal resident and his relatives, who were cheated of ₹57 lakh by offering a guaranteed return of 4% a month against investment in a company and other businesses.

According to the complaint of 62-year-old Prafulbhai Thakar, his son Anuj works in event management. In December 2020, Anuj made a business acquaintance with Jigar Nimawat of Ahmedabad’s Nikol.

Nimawat introduced himself as the national head of a firm called Ever Grow Investors, a company based out of Surat with an office in Navrangpura of Ahmedabad.

Anuj invested ₹5 lakh in the name of himself and his family members and was assured 4% return per month. 

Anuj also had a meeting with company chairman Ketan Solanki and managing director Hiren Jogani. Another person of interest, Deepak Shah also made a presentation about a tour and travel business in a seminar held by the firm, prompting the investors to invest more and diversify.

Overall, a total amount of  ₹57 lakh was also deposited by his other relatives. However, even after a year of investing the money, no compensation was provided.

The money was not returned by the firm, citing that the investments were stuck.

The police have arrested Jigar Nimawat and Deepak Shah and started further investigation. A complaint has also been registered against six, including Hiren Jogani, Chandani Jospara, and Harsh Solanki.

The police said that it is suspected that the company has scammed others for crores of rupees. If the victims contact the police, based on their statements, other crimes will also be registered against the firm.

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