The Crime Branch is investigating Bhupendra Sinh Zala, the founder of BZ financial services, who allegedly built a massive network of 3,000 agents involved in luring people to invest in his companies. Over a period of six years, Zala promised hefty returns on investments in North and Central Gujarat, attracting numerous victims.
So far, the Criminal Investigation Department (CID) has arrested seven individuals linked to the scam. These include Vishalsinh Zala, Dilipsinh Solanki, Aashiq Bharthari, Rahul Rathod, Mayur Darji, and Ranvisinh Chauhan, all of whom had close ties with Zala. They played a significant role in convincing people to invest in the BZ group, with evidence supporting their involvement.
The CID’s preliminary investigation revealed that to keep his agents motivated, Zala provided luxurious incentives. He gifted expensive cars like Audi and Fortuner, along with smaller sedans, and sponsored trips to Goa and even foreign countries. This lavish lifestyle was designed to encourage agents to bring in more investors. Some agents even received commissions for bringing in new clients.
Authorities have also uncovered 15 cars belonging to these agents, which are set to be seized soon. Three luxury vehicles belonging to Bhupendra Sinh Zala have already been confiscated, along with critical evidence found at his residence.
The CID has now formed a specialized team, including chartered accountants and forensic experts, to dive deeper into the financial operations of the scam. The police have urged those who invested in the BZ companies to come forward and file complaints against the organization.