Cheating complaint against a gang for cheating 150 people of 33.55L

A complaint has been lodged at Vadodara City Police station against a gang including a father-son duo from Gandhinagar, for setting up a company called CVK Parivar Nidhi Limited and luring investors with high interest rates ranging from 6 percent to 12.35 percent. Police have registered a case of cheating and fraud against the duo who cheated around 150 people in Vadodara.

According to a complaint lodged, Akshata Bhangaonkar was trying to get a job and in the meantime read an advertisement in the local newspapers and went to an office called CVK Parivar Nidhi Limited to get a job. Conman Vijaysinh Solanki, who was present at the time told Akshata that the more she invests in the company and if she makes a fixed deposit, the more commission she will get. Their company has a daily saving and fixed deposit scheme.

He informed Akshata that those who would deposit money in daily savings for six months would be given 6% interest and 5% – 12. 35% interest on fixed deposits. Their head office is located at Infocity, Gandhinagar. The other director was Chhatrasinh Gajesinh Solanki. After agreeing with them she was given the responsibility as the Central Manager on the third floor of Prince Watch near Gandhinagar House.

Akshata Bhangaonkar got the job in the year 2019, Nimesh Mahendrabhai Parekh was working as an office boy, Vimal Patel, Couple Kalpesh Sharma, and Preeti Kalpesh, as well as Usha Machhi as Marketing Executives.

According to the complaint, Akshata Bhangaonkar invested Rs 1 lakh at 10% interest per annum and invested Rs 50,000 of her family and 12 more people for a fixed deposit of 28,55,000 total. In addition, 138 people invested Rs 5 lakh in the daily savings scheme at 6% interest for 6 months. Thus, a total of 150 customers have invested in CVK Parivar Nidhi Limited in daily savings and fixed deposits in the lure of high interest of Rs 33,55,000 lakh.

Meanwhile, the conman of CVK Parivar Nidhi Ltd. closed the office above Prince Watch Company overnight. Later, Akshata Bhangaonkar, who was posted as Central Branch Manager, and other staff members went to Gandhinagar. At that time Vijaysinh Solanki, Chhatrasinh Solanki, and the third director Sanjay Joshi gave a post-dated cheque to 52 out of 150 investors. As soon as the cheques were returned, Akshata lodged a police complaint against them at the city police station.

Based on the complaint, the police registered the case against Vijayinh Solanki, Chhatrasinh Solanki, Kripalsinh Chhatrasinh Solanki, and Sanjay Himmatlal Joshi for cheating and fraud of Rs 33.55 lakh.