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Cricketers Shubman Gill and Sai Sudharsan summoned by the CID over their alleged involvement in a ₹6,000-crore Ponzi scam linked to the BZD Group.
Shubman Gill and Sai Sudharsan Summoned by CID Over Ponzi Scam
The Gujarat-based BZD Group, accused of orchestrating a ₹6,000-crore Ponzi scam, has brought several cricketers into the spotlight. The Criminal Investigation Department (CID) has detained Bhupendra Singh Jhalla, head of the BZD Group, for allegedly defrauding investors by promising high returns.
CID Investigates Financial Transactions Linked to BZD Group
Reports suggest that players from the IPL franchise Gujarat Titans, including team captain Shubman Gill, Sai Sudharsan, Mohit Sharma, and Rahul Tewatia, invested in the BZD Group. Gill reportedly invested ₹1.95 crore, while others are believed to have invested smaller amounts. The CID is investigating financial transactions worth ₹450 crore linked to the BZD Group.
Shubman Gill Expected to Receive Summons Upon Return to India
Shubman Gill, currently participating in the Border-Gavaskar Trophy series in Australia, is expected to receive a summons upon his return to India. The CID plans to gather further details about the players’ involvement with the BZD Group, including their investments and connections.