BZ scam Bhupendra Jhala arrested on transfer warrant in another fraud case, CID Crime gets three-day remand

Ahmedabad: CID Crime produced the accused Bhupendrasinh Jhala in the court and demanded 10 remand. In which Chief Public Prosecutor Praveen Trivedi told the court about the remand application, “After collecting money from the investors, the main sutradhar Bhupendrasinh Jhala used to make greedy advertisements to get more and more people to withhold money. He took investment agents to Bali, Goa and the Maldives and held concerts there. The details including the passports of the people involved have been obtained.”

At the same time, the public prosecutor said, “The accused used to give franchise to Nikeshbhai Patel in Pratij, hold seminars in hotels and invite investors and show various schemes in audio and video on the projector. After this, the investors were given information about the interest and returns and made them invest money in multi-level marketing. Pratij office opened to get its rent agreement. Documents including accounts, books of how many investors were collected by the agent Nikeshbhai Patel in Pratij office are to be obtained.”

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Further, the public prosecutor said, “BZ had created a website called International Broking Net. The website has now been closed. The website has to get details of cash and check withdrawals from investors. How much money was withdrawn from Pratij branch through Nikesh Patel? Under which how much commission was given? In addition, were any gifts given? Did you do a foreign tour? It has to be investigated. So the accused should be remanded.”

On the other hand, it was argued on the part of the accused that, “All these issues have been investigated earlier, all the details that were known have been told to the police, there is no need for the presence of the accused in the matter for which the police is seeking remand for investigation, so the court The remand should be cancelled.” After the presentation of both the parties, the court has accepted the remand of the accused for three days.

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It is to be mentioned that, CID Crime has also submitted in the remand application that, “Nasta Ferta Nikesh Chhaganbhai Patel held a business meeting of BZ Company at New Nicol and Prantij. whose address is to be obtained. How many people were present in the meeting? Apart from this, the accused had formed 11 companies in total. In which BZ Finance Service, BZ International Broking Pvt Ltd, BZ Profit Plus, BZ Multi Trade, BZ Group of Management, BZ Group of Development, BZ Capital Solution, BZ Heavy Electronics Pvt Ltd were formed. Which has to be checked along with.”

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