<img src="https://static.gujaratsamachar.com/content_image/content_image_9bcce0c9-d44e-43b9-9ad8-bff62c19967f.jpeg" data-filename="Rs 6000 crore scam unfolds in Sabarkantha CID crime takes action.jpeg" style="width: 100%;"> Gandhinagar CID Crime raided over seven locations in Gujarat over investment frauds promising high returns to investors on Wednesday.Sabarkantha’s Bhupendrasinh Zala, a resident of Vavdi, is accused of committing a scam worth&nbsp; ₹6,000 crore by promising people double returns on investment in three years and higher returns than normal investments.Zala was accused of defrauding people in the name of BZ financial company. He promised double returns in three years to the investors.He had offices in Talod, Ranasan, Himmatnagar, Vijapur, Modasa, Gandhinagar, Vadodara, and Malpur.The Gandhinagar CID Crime unit conducted raids at seven offices including Sabarkantha, Vadodara, Gandhinagar, and Rajasthan, and collected various important documents and evidence related to the case.The police seized computers, printers, laptops, and documents during the raids. Moreover, two bank accounts were found, one of which had transactions of ₹175 crores. However, Zala has absconded before the police raid. CID Crime has initiated a further investigation into this matter.Also read:<a href="https://english.gujaratsamachar.com/news/gujarat/gujarat-witnesses-over-17000-cyber-fraud-cases-in-four-years" target="_blank">Gujarat witnesses over 17k cyber fraud cases in four years</a><a href="https://english.gujaratsamachar.com/news/gujarat/ahmedabad-investor-scammed-of-2-78-crore-in-online-stock" target="_blank">Ahmedabad investor scammed of ₹2.78 crore in online stock market scam</a>

Gandhinagar CID Crime raided over seven locations in Gujarat over investment frauds promising high returns to investors on Wednesday.

CID-Crime

Gujarat

Bhupendrasinh-Zala

Sabarkantha

₹6,000 crore scam unfolds in Sabarkantha, CID crime takes action

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