The Gujarat Crime Investigation Department (CID) has summoned Shubman Gill and three other Gujarat Titans (GT) cricketers. They are involved in a ₹450 crore chit fund scam. Bhupendrasinh Zala orchestrated the scam, promising high returns through his companies, BZ Financial Services, BZ Traders, and BZ Group of Companies.
Key Details:
- Cricketers Involved: Besides Shubman Gill, the other cricketers are Mohit Sharma, Rahul Tewatia, and Sai Sudharsan.
- Investments: Shubman Gill reportedly invested ₹1.95 crore in the Ponzi scheme, while the other players invested smaller amounts.
- CID Investigation: The CID is investigating the financial transactions and has seized an unofficial account book maintained by Zala. They are also questioning Rushik Mehta, Zala’s chartered accountant.
- Zala’s Operations: Zala’s companies promised returns of 7% on fixed deposits and 18% on investments. They failed to deliver, leading to investor losses.
- Current Status: The investigation is ongoing, and the CID emphasizes the importance of the players’ cooperation.
This case has attracted significant attention due to the involvement of well-known cricketers and the large sum of money involved. The outcome of the investigation remains uncertain. It has already raised questions about the due diligence exercised by the investors.