The CID Crime team arrested a notorious couple, Jigar and Sapna Tuli, from a luxury hotel in Lonavala, Maharashtra, on Thursday, ending their long-running fraud scheme that defrauded people of Rs 42 crore. The couple had been on the run since 2020, operating a fraudulent investment racket promising huge returns through stock market and IPO investments.
Following a tip-off and continuous surveillance, the CID Crime team was able to locate the couple at a high-end hotel. Victims, including Jalpina Bhimani, 33, from Nikol and Vijay Patel, 40, from Bilasiya village, had lodged complaints, prompting the authorities to investigate.
Despite the complaints, the couple continued to live luxuriously, staying in expensive hotels and traveling in a luxury car, while constantly changing their phone numbers to avoid detection. They were finally apprehended as they exited the hotel.
The CID Crime has registered a case under the relevant sections of the UPIID Act and cheating laws. The couple has been remanded to judicial custody at Sabarmati Central Jail.