Shubman Gill, a prominent Indian cricketer and captain of the Gujarat Titans, has been summoned by the Gujarat Crime Investigation Department (CID) in connection with a significant ₹450 crore Ponzi scheme. Alongside Gill, three other players from the Gujarat Titans—Mohit Sharma, Rahul Tewatia, and Sai Sudharsan—are also involved in this case.
Background of the Case
The investigation centers around Bhupendrasinh Zala, the alleged mastermind behind the Ponzi scheme operated through his company, BZ Financial Services. Zala reportedly failed to return investments made by these cricketers, with Gill having invested approximately ₹1.95 crore. The initial estimates of the fraud were as high as ₹6,000 crore but have since been revised down to ₹450 crore following further investigations.
Details of the Investigation
. Investments: Shubman Gill’s investment of ₹1.95 crore is the largest among the four players, while the others invested between ₹10 lakh and ₹1 crore.
. CID Actions: The CID has been actively conducting raids and has seized unofficial account books related to Zala’s operations. They are examining transactions to determine the full extent of the fraud.
. Current Status: The CID plans to question all four players when they are available, particularly as some are currently engaged in international duties or recovering from injuries.
Implications of the Other Players
While there is no concrete evidence against Gill or his fellow players at this stage, their cooperation with the investigation will be crucial. The situation has raised concerns about financial scams involving high-profile individuals in sports.
