CID Summons Shubman Gill, Three Others Over INR 450-Crore Chit Fund Scam
The Indian star cricketer Shubman Gill, who is currently seen in the ongoing Border-Gavaskar Trophy against Australia, has been summoned by the Gujarat CID crime branch. In addition to Gill, three more cricketers are likely to be questioned, which includes Sai Sudharsan, Rahul Tewatia, and Mohit Sharma. According to the reports, these players have a connection with a Rs 450 crore Ponzi scam. It is also being reported that the Gujarat Titans skipper, Gill, invested Rs 1.95 crore, while other players have spent smaller amounts.
This news came out after the authorities interrogated Bhupendrasinh Zala, a kingpin of Ponzi schemes, revealing to not return the money invested by these players. The authorities will be questioning players on their availability. Gill is out from India as he is currently playing the Border-Gavaskar Trophy.
The authorities called Zala's chartered accountant, Rushik Mehta, for questioning about this matter. After the questioning, a senior CID official said,
"If Mehta is found to be involved, appropriate action will be taken. We have also deployed a team of accountants to examine bank transactions and an unofficial account book maintained by Zala. The unofficial book has been seized, and raids are continuing at various locations since Monday."
The duped amount was stated to be INR 6,000 crore, but after the investigations, the amount has been reduced to INR 450 crore.
"Zala also maintained an unofficial account book, which has been seized by the CID crime unit. The transactions recorded in that book amount to around Rs. 52 crore. Based on current investigations, we estimate the total amount to be around Rs 450 crore, and it may increase as raids continue."