Malwani police have arrested Sanjay, a former BEST bus driver, for allegedly cheating six BEST employees of over Rs9.8 lakh in an elaborate investment scam.
The FIR, registered in July 2024 but concerning incidents dating back to early 2022, reveals that Sanjay ran three WhatsApp groups aimed at BEST employees, promoting fraudulent investment schemes promising high returns. The accused claimed investors would receive payments every 25 days — for example, an investment of $175 would allegedly yield $110 every 25 days for a year, while another scheme promised triple returns in 55 days.
On July 6, 2022, Sanjay assured investors that 100% of their invested amount would be returned. Over time, 15 BEST employees invested Rs16.4 lakh via the schemes. Investors were instructed to download an app to convert currency between US dollars and Indian rupees, but no returns were ever paid.
Sanjay also provided contact details of a supposed facilitator who claimed the app was under development but offered no further assistance. Frustrated by the fraud, six investors filed complaints with Malwani police.
Following a detailed investigation, Sanjay was arrested on October 3, 2025. He was presented before the magistrate and remanded in police custody. The investigation is ongoing.
