100 people lose 2cr fooled by lure of profit in stocks

Rajkot: Over 100 investors have lost nearly Rs 2.5 crore after being cheated by the owner of an IT company.
A complaint was lodged by company employee Divyesh Trada, a software developer, against Divyesh Sangani, owner of Trigon Technologies. Besides software development, Sangani used to trade in shares in his office.
In 2019, he told Trada and he was earning 3% profit daily by trading in shares and it was a lucrative investment. He even offered him a partnership in his company if Trada invested a sizeable amount.
Lured by the returns, Trada invested Rs 10 lakh, and over time, invited his friends and relatives also to put in their money for handsome gains.
In all, his friends and relatives invested Rs 2.5 crore. Initially, Sangani paid them profit regularly but a year ago, he shut down his company’s office located on University Road and disappeared.
When all the efforts to trace Sangani failed, Trada approached the University Road police station and lodged a complaint against him.