A businessman and two other people were enticed by promises of fourfold profits in a startling fraud case involving around ₹3 crore in the Bandra region. Five directors of the concerned company—Sachin Sandhir, Nimish Gupta, Shweta Kataria, Nitin Thakur, and Mohit Juneja—have been charged with fraud by the Bandra Kurla Complex (BKC) Police. According to preliminary investigations, a number of people made sizable investments in the business, raising the possibility that the overall fraud amount may be far greater. now all five of the accused have fled; the police have launched a special operation to apprehend them.

Animesh Sanjay Sharma is a businessman who has been a director of a petrochemical transport firm for 15 years. He and his family live in Bandra. He was introduced to a Delhi-based private firm in October 2023 by a friend who said it was preparing for an IPO on the US stock market and needed financial contributions from possible investors. In order to assist students in schools and colleges understand their aptitude and choose appropriate educational and professional courses, the organization specialized in applying DNA science to create personality evaluations.

Sharma was promised four times the yearly returns on his investments by the corporation. Sharma got in touch with Sachin Sandhir, one of the directors, who gave him further details about the investment plans and said that the organization had already received investments from a number of well-known people and business titans. Sandhir displayed a list of investors on the business’s website, replete with names and pictures, in an effort to foster confidence.

Sharma made the decision to invest ₹2 crore after seeing the website and meeting with the directors of the firm. After then, the business sent him a postdated check for ₹8 crore. Ramola Sharma, his mother, also contributed ₹95.34 lakh to the company’s stock. She also got a postdated check for ₹3.80 crore. Signed agreements supported both transactions.

The business unexpectedly ceased paying its workers’ paychecks in February 2024. Directors Nimish Gupta and Nitin Thakur both quit their positions at around the same time. Sharma attempted to call Sachin Sandhir since he was suspicious of these events, but his phone was off. Sharma was alarmed and put the postdated checks in the bank, but both of them bounced, which confirmed their suspicions of fraud.

The business defrauded Sharma, his mother Ramola Sharma, and a friend named Mahesh Khairnar of ₹3.07 crore as a consequence of the fraudulent scam.

The BKC Police filed a case against the five directors after receiving a complaint from Sharma, alleging fraud and violating the Maharashtra Protection of Interest of Depositors Act. According to preliminary investigations, a number of additional people had contributed crores to the business, and the whole scam sum is anticipated to increase considerably.

The police have started a quest to find the fugitive directors as part of their ongoing investigation.