Stories
From Food Cart To Luxury Cars: How Rajesh Nana Became Central To An 8 Crore Investment Scam
- •Panchkula Police have arrested four men, including former food cart operator Rajesh Kumar alias Nana, in connection with an alleged Rs 8 crore investment and cryptocurrency fraud.
- •The fraudulent network allegedly used fake investment apps showing manipulated balance increases, luxury cars, and promises of Dubai properties to lure unsuspecting investors.
- •The scheme unraveled after a government contractor filed a complaint stating he and his relatives lost Rs 60 lakh, with total losses feared to exceed Rs 8 crore.
- •Investigators have seized luxury vehicles including a Mercedes, Audi and BMW, alongside electronic devices, and expanded the probe to suspected operators based in Dubai.
Key Questions Answered
Rajesh operated a kadhi-and-chole-chawal cart until 2019 before his friend introduced him to an online portal called Bloom Company. After initial investments, he began recruiting others, rose to the position of 'Senior Project Head' through seminars, and allegedly earned Rs 2 crore.
The network used fake mobile investment applications showing manipulated, rapidly increasing balances, and paid back small initial amounts to build trust. They also showcased luxury cars, promised Dubai flats, and redirected investors seeking withdrawals into other crypto or investment schemes.
Panchkula Police have arrested four men, seized luxury vehicles including a Mercedes, Audi, and BMW, and confiscated electronic devices for forensic analysis. Authorities have also issued Look-Out Circulars for suspects believed to be in Dubai, such as Ravinder Bangar and Happy Sheikh.
