Major Fraud Unearthed

A fake investment scam has come to light in Chhattisgarh’s Durg district, where a 35-year-old man was allegedly duped of ₹38.25 lakh by fraudsters promising to double his money within three months. Police have arrested one accused in connection with the case, while a search is underway for others involved.

The incident, now part of the Latest News Today cycle, highlights growing concerns around financial fraud targeting unsuspecting investors.

Victim Files Complaint

According to officials, the complainant, Jaideep Singh Kanda, a resident of Santarabadi in Durg, approached the Vaishali Nagar police station after failing to recover his investment. He alleged that the accused lured him into investing through a fake company scheme.

The complaint triggered a formal investigation under relevant sections of cheating and fraud.

Fake Firms Created

Police said the accused, identified as Dharmendra Kumar Banjare, along with associates, operated under the names “AMS Solution” and “M/s RV Group”. These entities were allegedly created solely to defraud investors.

The accused reportedly projected the firms as legitimate investment platforms, gaining the victim’s trust over time.

Promise of Double Returns

As per the FIR, the victim was promised that his investment would double within 90 days. Convinced by the scheme and repeated assurances, he transferred a total of ₹38.25 lakh to the accused over a period of time.

Officials said such schemes often exploit greed and urgency, a pattern increasingly seen in Trending News India.

Money Not Returned

When the promised deadline passed, the victim did not receive any returns. Initial follow-ups were met with delays and evasive responses, after which the accused allegedly went incommunicado.

Realising he had been cheated, the victim approached the police, leading to the registration of a case.

Accused Arrested

Acting on technical inputs and local intelligence, police traced the accused to Raipur’s Saddu area. A team was dispatched, and Banjare was taken into custody.

During interrogation, he reportedly confessed to his involvement in the fake investment scam. Police confirmed that he was formally arrested on March 31, 2026, and produced before a court.

Documents related to the fake companies and financial transactions have been seized for further examination.

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 Probe and Next Steps

Police officials stated that the investigation is ongoing, with a focus on identifying other members of the network and tracing the flow of funds. Authorities suspect that more victims could be linked to the same operation.

“This appears to be part of a wider fraud network. We are examining digital and financial records to identify additional accused,” an officer said, as per reports.

The case adds to a growing list of Government Updates and public advisories warning citizens against high-return investment schemes. Experts have urged people to verify credentials before investing and avoid offers that promise unrealistic returns.

As the probe continues, authorities are hopeful of making further arrests and recovering part of the defrauded amount. The fake investment scam remains under close scrutiny, with officials stressing the need for public awareness to prevent similar incidents.