In a major breakthrough in the Rs800 crore fake business scam, the Nagpur crime branch has frozen Rs47 lakh in the bank accounts of accused trader Anshul Mishra and secured a Lookout Circular (LOC) against him. Mishra, who currently holds ad-interim bail until June 2, is under close watch as police intensify efforts to unravel the sprawling financial fraud. Authorities suspect he may have fled abroad recently.
Meanwhile, police launched a manhunt for two prime suspects, Rajesh Shahu and Avinash Shahu, while two others, Bunty Shahu and Jayesh Shahu—the alleged masterminds behind the syndicate—have been remanded to Nagpur Central Jail under magisterial custody.
The scam involves a network operating through 86 companies and 106 bank accounts, weaving a complex web of deceit. Led by Deputy Commissioner of Police Rahul Maknikar and Assistant Commissioner Abhijeet Patil, the crime branch has been vigorously tracing illicit fund flows. The team has also sought urgent cooperation from the GST office to obtain critical company data that may unlock further leads.
Sources reveal that Bunty and Jayesh Shahu orchestrated the scam, which reportedly involved online gaming and hawala transactions, complicating the investigation. The whereabouts of two other suspects, Vinod Tanna and Rizwan Shaikh (alias Mamu), remain unknown, though they are believed to hold key information regarding the syndicate’s illegal activities.
The freezing of Rs47 lakh marks a crucial step in disrupting the syndicate’s operations, but investigators caution it is just the tip of the iceberg. Police are collaborating closely with financial regulators to dismantle the sophisticated network siphoning off massive funds.
The issuance of the LOC against Mishra aims to prevent his escape and maintain pressure on the accused as the investigation continues.
