Shubman Gill, Sai Sudharsan among 4 cricketers summoned by Gujarat Police for huge Financial Fraud

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The Gujarat CID Crime Branch has launched a major investigation into a financial scam involving some well-known members of the Indian cricket team.

The probe has revealed that cricketers Shubman Gill, Rahul Tewatia, Mohit Sharma, and B Sai Sudarshan were connected to a chit fund scheme that defrauded investors of ₹450 crore.

The investigation began after the arrest of Bhupendrasinh Jala, who is believed to be the mastermind behind these Ponzi schemes. Jala disclosed during questioning that these cricketers had invested in the scheme but had not received their money back.

As the inquiry progresses, the CID has widened its focus to examine how the scheme operated financially. They have arrested Rushik Mehta, a key individual who managed Jala's financial transactions. An official told the Ahmedabad Mirror, "If Mehta is found guilty, appropriate action will be taken."

The authorities are reviewing bank records and an informal ledger kept by Jala, which they have confiscated. Additionally, raids have been conducted in various locations to gather more evidence about the fraud.

Gujarat Titans players Summoned

The cricketers' involvement has raised questions about their investments in the scheme. Shubman Gill, known for leading the Gujarat Titans in the IPL, reportedly invested Rs 1.95 crore, while the other players contributed smaller amounts.

CID officials stated that the cricketers would be called in for questioning depending on their availability. This shows how seriously the authorities are taking the investigation and their commitment to uncovering the truth.

Incidentally, all the four players were part of the Gujarat Titans in IPL 2024, and Gill was the captain of the team last season.

The scale of Jala's fraudulent activities is staggering. While initial reports estimated the fraud at Rs 6000 crore, further investigation revealed the amount to be Rs 450 crore. The informal ledger seized by the CID shows transactions worth around Rs 52 crore. Officials believe this figure could rise as they continue their raids and gather more evidence.

The CID's detailed investigation aims to bring all those involved to justice and recover the defrauded money. This case has not only implicated prominent cricketers but also shed light on the massive financial scam orchestrated by Jala and his associates.