Gujarat: CID takes over investigation into Rs 260 crore ponzi scam

Ahmedabad | Friday | 16th November, 2018

Summary:

(Representational) Gujarat CID (crime) on Thursday took over the investigation into the alleged Ponzi scheme. Gujarat CID (crime) on Thursday took over the investigation into the alleged Ponzi scheme. On Thursday morning, a team of CID officials reached Vastrapur police station and took over the case papers. It is estimated that the scam runs into Rs 260 crore and thousands of people have been cheated. (Representational)The Gujarat CID (crime) on Thursday took over the investigation into the alleged Ponzi scheme floated by city-based businessman Vinay Shah and his associates, and raided two of his residential premises and an office here..