Mohali: Zirakpur couple booked in ₹1.81-crore trading scam

Accused Couple Accused of Multi-Million Rupee Ponzi Scheme

According to a recent complaint filed with the FIR, a victim, Manjit Singh, met the accused through acquaintances in November 2021.

Initial Investment and Gains

• The accused introduced themselves as individuals involved in profitable trading activities.
• Manjit initially refused to participate, but his wife, who is a business development head, later invested ₹50,000.
• The couple allegedly returned the initial amount with profit, which helped them gain the family's trust.

Manjit stated that this pattern continued, and several people in their circle also approached the accused and invested money on the assurance of similar returns.

Accused's Claims and Investigations

The accused reportedly claimed they operated an equity-trading–based company and could generate substantial profits.

• Over time, Sugandha and Saurav allegedly collected a total of ₹1,81,60,000 from the complainant and others.
• Investors continued depositing money in the hope of better returns, as the accused initially maintained regular contact and gave timely assurance.

However, once the amounts increased, the couple allegedly stopped responding to calls and failed to return the invested money.

Police Investigation

After repeated attempts to contact them failed, the complainant approached the police.

• Zirakpur police registered a case under Sections 316(2), 318(2), and 61(2) of the Bharatiya Nyaya Sanhita (BNS).
• Policemen said an investigation is underway to locate the accused and verify the number of people who invested money with them.
• Authorities are also examining the financial trail and the nature of the trading activity the couple claimed to run.

• Total amount collected by the accused: ₹1,81,60,000
• Section under which case registered: 316(2), 318(2), and 61(2) of the Bharatiya Nyaya Sanhita (BNS)