Summary:
A complaint was lodged with the Vadaj police station on Wednesday after a man was duped of Rs 17.2 lakh by four persons in a Ponzi scheme. They suspect that it will turn out to be a scam to the tune of Rs 1,000 crore. Regarding the matter, a complaint was lodged with the Vadaj police station and they are further investigating the matter. Similarly, Viren Shah, one of the other investors, lost Rs 14 crore which he had invested in the same company. The police suspect that around 5,000 investors from Ahmedabad alone are involved in the scheme, while there are many more from other states..