Today in Ahmedabad, in a racket of Jay Khodiyar Mitra Mandal (JKMM) of Nava Vadaj. The racket was run with the help of some 1000 agents through 170 branches across Gujarat. Multi crore scam’s Mastermind Raju Mevada was arrested today early morning in Ahmedabad by CID Crime Branch. Raju Mewada had gone underground and cops have begun a search for him. He has been alleged of Rs 83 crores fraud. 35,000 people were cheating in the racket. Tomorrow, the Culprit will be produced in the court.
During investigation of Mevada, it was revealed that there were 1000 agents running the scheme who were given upto 7 % commission. Cheating was done based on bogus documents.
Separate arraengements have been made to book districtwise complaints in the case.
The JKMM company had offered in two separate schemes promising a bike or car through lucky draw on monthly payment of a fixed amount for 40 months. Those not winning top prizes were assured refund of the original sum. Two months ago on completion of the scheme none of the subscribers were refunded the principal amount.
Sources said the owner of the company, CID crime branch police raided the company’s office in C D Gajjar compound in Nava Vadaj on Sunday and sealed the office after seizure of computers, CCTV cameras and documents. Important documents have been taken into custody by Crime Branch and head office of the company was sealed.
