Ahmedabad: One more complaint has been filed against Bhupendrasinh Jhala, the CEO of BZ Financial Services and BZ Group, for allegedly duping an investor out of Rs 2.1 lakh with promises of returns ranging from 7% to 18%. The CID Crime branch, investigating the Rs 6 crore fraud allegedly masterminded by Bhupendrasinh, registered three more complaints against fraudulent financial firms in Kheda, Sabarkantha, Aravalli and Banaskantha districts.
Kamlesh Chauhan, a resident of Kapadvanj in Kheda, filed the complaint on Wednesday against Bhupendrasinh, his accomplice Mayur Darji and their agents for defrauding him.
A statement from the agency revealed that the firms accused of running the fraud are RK Enterprise and Harisidhhi Financial Services in Modasa, led by CEOs Harpalsinh Jhala and Ajaysinh Parmar, respectively. Another company, KK Enterprise, also based in Modasa, has also been implicated. Together, these firms allegedly cheated investors of over Rs 50 crore.
In Palanpur city of Banaskantha district, CID Crime registered a case against Niranjan Shrimali, owner of Now Startway Tech India Management Consultancy, for defrauding investors of Rs 39.19 lakh. The firm had promised returns between 5% and 18% to its investors.
CID Crime officials said these fraudulent companies lured unsuspecting investors with promises of high returns, collecting crores of rupees without authorization from the Reserve Bank of India (RBI).
The complaint against Harpalsinh and Parmar was filed by Inspector J V Rathod of the CID Crime Economic Offences Wing (EOW).
On Wednesday, PSI G R Bharwad of the CID Crime EOW filed a case against Shrimali and his associates.
The crime branch has requested victims to come forward and register their complaints.