shocking Rs5.5 crore fraud case has come to light in Ramol, where a businessman and his two accomplices allegedly cheated members of the Jain community by promising double returns on investment schemes.
The main accused, Mahesh Jain, along with Naveen Jain and Shubham Jain, lured investors by posing as promoters of construction schemes. They ran fraudulent companies — Jain Capital, Disha Enterprise, and Gurukrupa Propcons Pvt. Ltd. — under the guise of community development projects.
One victim, Lalit Jain, 51, who runs a family visa-related business in Vastral, was persuaded to invest Rs96 lakh but was later denied repayment. So far, over 16 victims have lodged complaints with the police.
Following the complaints, Ramol police registered a Rs5.5 crore fraud case and arrested Mahesh Jain. However, Naveen Jain and Shubham Jain remain absconding as investigations continue.
The accused earned trust by establishing savings societies named after the Jain community and assuring high returns, which enabled them to trap many investors in their scam for several years.
Police have urged anyone with further information to come forward as they work to dismantle this fraudulent network.
