Investment Scam in Rajkot Exposes ₹1.33 Crore Fraud by Missing Businessman
Family’s public notice brings Rs ₹1.33cr con to light
Image: The Times Of India
A businessman, Hitesh Gohil, is accused of defrauding 12 investors of ₹1.33 crore in Rajkot, India. His family publicly disowned him, prompting police to register an FIR as Gohil remains missing.
- 01Hitesh Gohil defrauded at least 12 investors, including Mustak Sabuwala, of ₹1.33 crore.
- 02Gohil posed as a cloth merchant and credit card agent, promising high returns on investments.
- 03He initially paid commissions to gain trust but later issued worthless cheques.
- 04The fraud was revealed when Gohil's family published a notice disowning him.
- 05Police have registered an FIR and are investigating to recover the funds.
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In Rajkot, Gujarat, a businessman named Hitesh Gohil has allegedly defrauded at least 12 investors out of ₹1.33 crore through a multi-crore investment scam. Gohil, who posed as a cloth merchant and credit card agent, promised investors high commission payouts on short-term investments. His fraudulent activities came to light when his family publicly disowned him via a notice in local newspapers, stating they would not be responsible for his financial dealings. Mustak Sabuwala, a long-time acquaintance of Gohil, reported the scam after investing over ₹37 lakh based on Gohil's assurances. Initially, Gohil paid some commissions to build trust but later provided worthless cheques. Following the notice, investors discovered that Gohil had vanished, leaving behind locked premises. The police have registered a First Information Report (FIR) under BNS Section 316(5) and are actively investigating the case to locate Gohil and recover the defrauded funds.
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The scam has caused significant financial losses for local investors in Rajkot and surrounding areas, raising concerns about investment safety.
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