Shubman Gill accused of being involved in a Rs 450 crore Ponzi scam! Might be questioned by CID

Reports suggest that Gill, who captained Gujarat Titans in the 2024 IPL, invested Rs 1.95 crore in the scheme.

India international cricketer Shubman Gill and three other Gujarat Titans cricketers have been accused of being involved in a Rs 450 crore ponzi scam and all of them might be summoned by the Gujarat CID crime branch according to reports published by Ahmedabad Mirror. 

Along with Gill, Sai Sudharsan, Rahul Tewatia, and Mohit Sharma have also been alleged to be involved in the scam.

The development follows the interrogation of Bhupendrasinh Zala, the alleged mastermind behind the Ponzi scheme, according to the reports by Ahmedabad Mirror. 

The report has claimed that Zala reportedly admitted during questioning that he had failed to return the investments made by the cricketers involved.

Zala, who was accused of orchestrating a Rs 450 crore chit-fund scam, is widely regarded as the "kingpin" of the Ponzi operation. He opened offices in several districts across Gujarat, including Talod, Himmatnagar, and Vadodara, and enlisted agents to gather funds from investors. Zala is said to have collected Rs 6,000 crore in financial transactions through ICICI and IFC banks, totaling Rs 175 crore. 

Reports suggest that Gill, who captained Gujarat Titans in the 2024 IPL, invested Rs 1.95 crore in the scheme, while Mohit Sharma, Tewatia, and Sudharsan made smaller contributions. 

Since Gill is currently part of India’s Test squad in Australia, the CID plans to summon all the players at a later date. Attempts to reach Mohit Sharma for comment have been unsuccessful. 

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