In a breakthrough investigation, the Crime Branch has uncovered a massive financial scam run by Bhupendra Sinh Zala through his company, BZ Financial Services. Over the past six years, Zala built a sprawling network of more than 3,000 agents across North and Central Gujarat, promising high returns to investors.
The CID has arrested seven individuals so far in connection with the scam, including Vishalsinh Zala, Dilipsinh Solanki, Aashiq Bharthari, Rahul Rathod, Mayur Darji, and Ranvisinh Chauhan. These individuals were closely linked to Bhupendra Sinh Zala and played a crucial role in recruiting investors for the BZ group. Evidence collected during the investigation corroborates these claims.
One of the most startling revelations in the preliminary investigation is the lavish incentives Zala offered to his agents. To keep them motivated, he reportedly gifted them luxury cars such as Audi and Fortuner models, as well as smaller sedans. Zala also sponsored overseas trips, including vacations to Goa and international destinations, for his agents.
The scam flourished with agents earning commissions for every investor they brought into the BZ scheme. In total, over 3,000 agents were recruited, creating a vast network in the region. To date, the CID has identified 15 cars belonging to these agents, which are set to be seized soon. In addition, three luxury cars belonging to Bhupendra Sinh Zala have already been seized, along with crucial evidence recovered from his residence.
The CID is now in the process of forming a specialized team, including chartered accountants and forensic experts, to further investigate the full extent of the financial fraud. The police have also issued a public advisory urging individuals who invested in BZ Financial Services to file complaints with the authorities.
As the investigation progresses, the scale of the scam continues to unfold, with more arrests expected in the coming days.
