A number of people had filed complaints against Gitanjali Gems Limited with the Gujarat police in October 2017 but the state police slept on them till the fraudsters fled the country in January this year.
AHMEDABAD — The Congress party on Friday alleged that the Gitanjali Gems Limited of Mehul Choksi-Nirav Modi duo cheated thousands of people in Gujarat through fake investment schemes and duped them of more than Rs 5000 crore. A number of people had filed complaints with the Gujarat police in October 2017 but the state police slept on them till the fraudsters fled the country in January this year.
“Nirav Modi and Mehul Choksi have not only siphoned India’s banks of Rs 21,306 crore but the new layers of conspiracy being unearthed now disclose that India’s middle class and common people have been duped of Rs 5,000 crore or more,” said Shktisinh Gohil, National Spokesperson of Congress party and released some documents to establish his charge.
Gitanjali Gems Limited had floated three jewellery investment schemes i.e. (a) Shagun, (b) Swarna Mangal Labh (SML) and (c) Swarna Mangal Kalash (SMK). “Modus operandi of the scheme was that an ordinary person, seeking to buy jewellery as also to earn a return on investment was required to pay 11 installments of a specified amount. In return thereof, Gitanjali Group offered to pay the 12th installment as free. Tenure of these installments could be 12 months, 24 months or 36 months. At the end of the tenure, the amount so accumulated could be redeemed for jewellery with additional bonus of up to 50%. Like in the case of banks, common man was also duped by way of these schemes, in as much as, in a huge number of cases, neither was the installment paid nor the jewellery given or amount returned,” said Congress leader.
Consequently, a large number of police complaints were filed in Gujarat by way of affidavits in September, 2015. Copies of four such affidavits submitted to Gujarat Police were released by the Congress on Friday.
“Again on 10th October 2017, a large number of persons filed complaints against the patent fraud being played upon common men by Gitanjali Group. Shockingly, instead of registering an FIR and arresting Nirav Modi/Mehul Choksi and others, Bhavnagar Police kept the matter pending and finally referred it by recording that it should be investigated by CID Crime, Gandhinagar.”
Most interesting fact is that although complaints were given on 10th October 2017, Gujarat police waited up to 25th Jan 2018 by when Nirav Modi/Mehul Choksi had run away from the country along with their families.
Congress claimed that across Gujarat itself, there are thousands of such cases, where there was complete inaction by police in proceeding against Nirav Modi/Mehul Choksi. Across the country, there are thousands more.
“It is indeed surprising that people were being defrauded with impunity and the entire government machinery of BJP remained a mute spectator. Complicity and protection at the highest level is, thus, writ large,” alleged Congress and added that despite huge number of complaints of fraud and duping of common men pending, BJP Government of Gujarat projected Gitanjali Group of Mehul Choksi/Nirav Modi as the Collaborator for Vibrant Gujarat Summit 2017 (held between 10-13 January, 2017). “No wonder, there was complete inaction” against Nirav Modi and his uncle Mehul Choksi.
On 14th February this year, people of the country were shocked to know that diamond trader Nirav Modi had defrauded the Punjab National Bank through hundreds of fraudulent Letters of Undertaking worth thousands of crores of Indian rupees in the last few years. His uncle Mehul Choksi had also cheated the bank with around Rs 5,000 crore.