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Gujarat High Court: BZ Group Scam Bhupendra Singh Jhala’s anticipatory bail application rejected by Village Court. After which now accused Bhupendra Singh Jhala has approached the Gujarat High Court. He has applied for anticipatory bail in the High Court. He has also said in the anticipatory bail application that the FIR has been lodged wrongly.
Bhupendra Singh Jhala, CEO of BZ Group, involved in a Rs 6000 crore scam, has now approached the Gujarat High Court to avoid arrest. Anticipatory bail petition has been filed on behalf of Jhala. After the Village Sessions Court rejected the advance land of Bhupendrasinh Jhala, Bhupendrasinh Jhala has filed a petition in the High Court. Now this case will be heard in Gujarat High Court.
Defreeze my account, not a single investor will lose money.
Hearing was held on Bhupendra Jhala’s plea. In which Bhupendra Singh Jhala requested to defreeze my account, not a single investor will lose his money. Do not use the money in my account for personal purposes. On the day the FIR was registered, not a single rupee of any investor had lost. All investors get returns on their investments in the first week of every month. The GPID Act imposed a stay, and now it wants to invoke the strict provisions of the GPID Act as an excuse for the default. The judicial process is being misused on the basis of mere suspicion.
The government opposed the application
The government has opposed the application of Bhupendra Singh Jhala. The government said that the investigation is ongoing, financial transactions worth more than Rs 360 crore have been detected. The accused has been cheating people of money since the year 2022. In an organization called Grow More, he deposited money in the accounts of the employees and withdrew cash from them. A chartered accountant has also investigated. More than a hundred complaints have been received
How many bank accounts of Jhala were found
Police investigation has found 27 bank accounts of Bhupendra Jhala and his various firms in many banks including HDFC, IDFC, Yash Bank, ICICI, AU Small Bank, Axis Bank, Himmatnagar Citizen Bank. Seven bank accounts in the name of Bhupendra Jhala, four of BZ Finance Services, three of BZ Profit Plus, 3 of Prabhat Jhala, one of BZ Multi Trade, four of Ranjit Jhala, three of BZ International Booking Private Limited, one more of Madhuben Jhala. A total of three accounts of BZ Traders have been found. Rs 137.22 crore have been found deposited in different companies of Jhala in the year 2023-24.