look news india
Ahmedabad: CID Crime today summoned BZ Group on the basis of complaint of extorting crores of rupees from people through Ponzi scheme. In which raids were conducted at different locations of the group in North Gujarat.
Actually CID Crime received an application. In which it was said that Bhupendrasinh Jhala, resident of Sabarkantha, along with his associates opened separate companies of BZ Financial Services and BZ Group and a Ponzi scheme was started. Whose branches were opened in various cities of Gujarat and Rajasthan. Due to which Rs. 6000 crores have been grabbed from the people by advertising higher returns from banks and other financial institutions.
Based on this complaint, 7 PI of CID Crime along with a team of 50 policemen raided BZ Group Branch/Office (1) Ranasan, Talod (2) Himmatnagar (3) Vijapur (4) Modas (5) Gandhinagar (5 ) raided Vadodara. (6) Malpur district Aravali was raided.
Where a large quantity of computers, laptops, printers, cash vouchers, copies of agreements with investors, application forms, FD forms, renewal forms, advance amount forms, withdrawal forms, books on investors’ investments were found from the offices of BZ Financial Services. It has been taken into possession and further investigation is being done.
