Indian cricketer and Gujarat Titans captain Shubman Gill alongside some of his Gujarat Titans teammates will be summoned by the Gujarat Crime Investigation Department (CID) crime branch.
According to the report by Ahmedabad Mirror, Shubman Gill, Sai Sudarshan, Rahul Tewatia and Mohit Sharma had invested in a chit-fund scheme and reports are that these players have been scammed.
Bhupendrasinh Zala, the mastermind behind this Ponzi scam collected INR 450 crores from about 11,000 investors during 2020-2024. Zala is the CEO of BZ Financial Services, BZ Traders, and BZ Group of Companies through which he set up this scam. During questioning, he admitted to not returning the investments made by the cricketers.
Shubman Gill invested over 1 crore, other Gujarat Titans players also scammed
As per the reports, Gill invested INR 1.95 crore in this scheme. Other GT players (Sai Sudharshan, Rahul Tewatia and Mohit Sharma) had invested smaller amounts in the scheme.
Zala promised to give a 36% return on investment annually to all the investors. He initially fulfilled these promises, gained the trust of the investors and then orchestrated this scam.
Zala is from Himmatnagar town in Gujarat. He opened offices in different districts; Vadodara, Himmatnagar and Talod and appointed agents on a commission basis to attract investors. Some individuals are said to have invested more than INR 1 crore which includes the Indian cricketer and Gujarat Titans captain Shubman Gill.
Zala was eluding the authorities for over a month before was caught by the police in Mehsana, Gujarat on 27th December 2024. He had collected over INR 6000 crores through financial transactions that involved ICICI and IFC Banks of INR 175 crores. The Gujarat CID’s crime branch will summon the cricketers for questioning. As Gill is currently with the Indian squad for the Border-Gavaskar Trophy, he will be summoned later.
The authorities tried to contact former Indian cricketer Mohi Sharma but there was no response from his end.
