Bhopal S T F Cracks Down on ₹2,283 Crore Trading Scam: Two Shell Companies Busted, 12 FIRs Filed Across 6 States, 2 Accused Arrested in Delhi

 


Bhopal S T F Cracks Down on ₹2,283 Crore Trading Scam: Two Shell Companies Busted, 12 FIRs Filed Across 6 States, 2 Accused Arrested in Delhi

In a LandMark action against Cyber-Enabled Financial Crimes, the Bhopal Special Task Force (S T F) has UnEarthed a colossal ₹2,283 Crore Investment Scam operated under the pretense of Online Trading. This Large-Scale racket involved two bogus Companies running Fraudulent Investment Platforms that promised Guaranteed Monthly Returns to UnSuspecting Investors.

The S T F has Filed 12 FIRs across Six States, including Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, and Delhi, and Arrested two key accused from the National Capital. The Investigation reveals a highly Coordinated Operation that Exploited Technology, Fake Digital Platforms, and Shell Companies to deceive Investors and move large Sums of Money across 16 Bank Accounts.



The Modus Operandi: High Returns, Zero Risk – A Trap

The Fraud was cleverly disguised under the name of Trading in Stock Markets, Forex, and Crypto-Assets, operated via Mobile Apps and Websites. One of the prominent Platforms, called ‘BotBro’, falsely claimed Global Registrations and displayed Fabricated Returns to lure Users.

Investors were offered Returns up to 8% per Month, a number attractive enough to draw in Working Professionals, BusinessPersons, and even NRIs. These Companies showed links to Dubai-Based Firms and shared Manipulated DashBoards that portrayed steady and rising Profits, creating a false sense of Security and Urgency.

The accused also deployed Referral Incentives and Fake TestiMonials, turning victims into Promoters. This turned the Fraud into a Modern-Day Ponzi Scheme, where early Investors were paid Returns from new Investors' Capital.


The Financial Trail: Over ₹2,283 Crore in 16 Accounts

Initial Forensic Audits by the S T F revealed:

  • ₹2,283 Crore of Financial Movement across 16 different Bank Accounts

  • Creation of more than 90 shell Companies to Launder and Redistribute Money

  • High Investor ConCentration in Indore, which emerged as a major Victim Hub

The Fraudulent EcoSystem included Layers of Fake Firms, GST Registrations, and MisUsed Bank Accounts to ByPass regulatory Red Flags. Investors' Money was Cycled between these shell Firms to Mimic Legitimate Financial Activity.


Masterminds Arrested: Mayank Goyal & Harshad Parekh



The two Arrested—Mayank Goyal and Harshad Parekh—were Tracked Down in Delhi. Both are said to be the Core Operators of the Scam, Managing the Tech Infrastructure, Marketing, and Fake Accounting Systems. Their Arrest is expected to Open Up further leads about other Beneficiaries and Coordinators involved in the Racket.

The S T F is Coordinating with CyberCrime Units, and Bank Authorities, and has sought assistance from National Agencies to Freeze the Accounts involved and trace the Diverted Money.


Enforcement Directorate & SEBI on Alert

Given the Cross-Border Financial Links, the Enforcement Directorate (ED) is now likely to initiate a Money Laundering Investigation under PMLA. Additionally, SEBI (Securities and Exchange Board of India) has been informed for a detailed Audit of the Investment Practices used by the Companies involved.

Authorities are also probing connections to Hawala Networks and Foreign Investments, which might reveal deeper ties to Illegal Financial Networks Abroad.


India’s Growing Financial Frauds – A Wake-Up Call

This Incident has once again HighLighted the Urgent need for:

  • Stricter monitoring of UnRegulated Investment Apps

  • Faster Action by Regulators and Enforcement Agencies

  • Enhanced Digital Literacy among Investors

With the Digital Boom and Crypto Adoption in India, the number of Scam Cases has increased. Many Fraudsters exploit the gap between Regulation and Technology to launch High-Return Schemes without offering any underlying Product or Asset.


S T F’s Warning to Investors

The S T F has appealed to Citizens to stay Alert and avoid any Platform promising Fixed Monthly Profits—especially those lacking Proper Registration under Indian Financial Laws. Victims are encouraged to File Complaints immediately through CyberCrime Portals and Local Police Stations.

They've also urged Financial Influencers and Media Platforms to act responsibly and avoid Promoting or Endorsing such Platforms without Due Diligence.


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Why You Should Take Insurance Only From a Professional Advisor – Not Just Anyone!

 


Why You Should Take Insurance Only From a Professional Advisor – Not Just Anyone!

Based on a Viral Short by Amrut Pal Singh



“Insurance hamesha advisor se lo. Har kisi ki advice mat mano. Sabko sab kuch nahi pata.”

In today’s Digital World, where everyone has an Opinion, it’s easy to fall into the Trap of Casual Advice—especially when it comes to something as crucial as Insurance. Amrut Pal Singh, a respected Insurance Advisor from Indore, hits the nail on the head with his Clear and Bold Message:


Don’t take Insurance Advice from just Anyone—Trust only Qualified, Experienced Advisors.

“Aaj Kal Har Koi Advisor Bana Hua Hai”

Amrut HighLights a Harsh reality:

“Aaj kal har koi advisory bana hua hai. Kirana wala bhi insurance ka advice dene lag gaya hai.”


We live in a time where People believe a few Forwarded Messages, Random Instagram Reels, or Gossip at a Tea stall qualify them to give Financial Advice. From your uncle at a Wedding to the Guy at Your Local Grocery Store, everyone is dishing out opinions on Life Insurance, Health Plans, and Term Policies. But here’s the truth:

These People are not Certified Advisors.

They lack:

  • Formal Training

  • Regulatory Certification (like IRDAI)

  • Real-Time Client Servicing Experience

  • Understanding of Policy Terms, Conditions, Exclusions

What Real Insurance Advisors Offer

A Full-Time Professional Advisor like Amrut Pal Singh has:

  • A Registered Office

  • Years of Industry Experience

  • A Track Record of helping People make the right Policy Choices

  • Deep understanding of Terms, Coverage Types, and Premium Structures

  • The ability to Customize Plans to your needs and Budget

He says it best:

“Main bolunga ki agar Indore se ho, toh sirf Amrut Pal Singh ji se hi advice lo.”

This isn't just about Promoting himself—it’s about urging people to Make Smart, Informed Choices with their Money and their Future.


Why Taking Advice from a Real Advisor Is Non-Negotiable

What’s the Risk in Taking Advice from Anyone?

  • Buying Policies that don’t suit your needs

  • Paying for Coverage you’ll never use

  • Missing Out on Tax-Saving Options

  • Losing Money on Hidden Clauses and Exclusions

  • Struggling during Claim Rejections or Delays

Just like you wouldn’t get Legal Advice from your Friend who watches CourtRoom Dramas, don’t take Insurance Advice from someone who’s “Heard from Someone” or “Read it Online.”

Don’t Compromise on Your Security

In Amrut Pal Singh’s words, “Sabko sab kuch nahi pata.”
 Your insurance Decisions are too important to be based on Free Advice and GuessWork. Get it right the First Time—because when life throws the UnExpected at you, only a Well-Chosen Policy backed by Real Advisory can protect you.

Ready to make Smart Insurance Choices?




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Beware of Funding Scams: How Fraudsters Target Companies with Fake Investment Emails

 



Beware of Funding Scams: How Fraudsters Target Companies with Fake Investment Emails


In today’s fast-paced digital economy, startups and growing companies are always on the lookout for funding opportunities to scale their operations. Unfortunately, scammers are also on the lookout for companies like yours. They exploit trust, urgency and the lure of big investments to send out professionally written but fraudulent emails promising unlimited funding. If you’re not careful, your company could be the next target.


The Rise of Email-Based Investment Scams:

One of the most common fraud tactics in recent years is the “fake funding offer” scam. Scammers pose as global project financiers, investment facilitators, or venture capitalists offering to fund any kind of business venture, no matter how large. These emails usually come unsolicited and are made to appear legitimate, often using formal language, official-sounding names and vague references to international platforms or organizations.


Here is a typical example:

“I am a project management facilitator. My job is to finance/fund companies with various investors across the world… Any global venture can be funded by us.”


While the message may appear convincing, it’s often a setup to trick the recipient into sharing sensitive business information, paying upfront “processing fees,” or worse falling victim to identity or financial fraud.


How the Scam Works:

    1. Initial Contact: The scammer sends a generic email claiming they can fund any project.

    2. Building Trust: They might use professional titles, references to international platforms and polite formalities to appear credible.

    3. Request for Information: Once a company responds, the scammer asks for detailed proposals, financial documents or personal data.

    4. Upfront Fees: Eventually, the victim is asked to pay fees for legal processing, taxes, due diligence or transfer charges.

    5. Disappearance: Once the money is paid, the scammer vanishes leaving the company with losses and no funding.


Red Flags to Watch For:

• Too Good to Be True: Claims of unlimited funding for any type of project, without due diligence are highly suspicious.

• Unverified Identity: The sender’s email address is often personal or generic (e.g., Gmail, Yahoo) instead of a verified business domain.

• No Digital Footprint: The person or company often lacks an online presence or verifiable credentials.

• Request for Upfront Payment: Legitimate investors do not ask for upfront fees for processing or funding approval.

• Generic Language: The message lacks personalization your company name, project specifics or relevant references.



Tips to Protect Your Company:

  1.  Verify the Source: Always research the sender. Check for an official website, LinkedIn profile or legitimate business registration.

  2. Use Professional Channels: Only entertain funding offers from verified and reputed platforms or investor networks.

  3. Avoid Sharing Sensitive Data: Don’t share financial reports, bank details or identification documents without due diligence                           

  4. Never Pay Upfront Fees: Real investors bear their own due diligence and legal costs. Any request for pre-funding payment is a red flag.

  5. Consult Experts: If in doubt, consult your legal team, finance advisors or use fraud-checking platforms.
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