A woman in Ahmedabad was swindled out of ₹3.87 crore by a couple who promised to double her money within three weeks. A complaint has been filed at the Ghatlodia police station in this regard.
Vaishali Patel, a resident of Manichandra Society near Thaltej’s Surdhara Circle, lost her husband in 2018. In 2021, her family came across a significant sum of money following the sale of land by her father-in-law.
Vaishali was looking for suitable investment opportunities to manage this sum effectively. Meanwhile, she was introduced to Jignesh Pandya, a resident of South Bopal, who claimed to be an insurance and investment expert.
Seeking professional advice, Vaishali contacted Pandya, who introduced her to his wife, Ranna. Jignesh assured Vaishali that he held a high-ranking position at Bharti AXA Life Insurance and promised to manage her investment portfolio efficiently.
He further claimed that he could double her money within just 21 days—an enticing proposition that ultimately led to her losing all her money.
Trusting Jignesh, Vaishali initially handed over ₹10 lakh, which he doubled to ₹20 lakh and returned to her, further solidifying his credibility. Encouraged by this success, she made a much larger investment of ₹4.28 crore, expecting substantial returns.
However, Jignesh and his wife only returned ₹40 lakh and withheld the rest, defrauding Vaishali of ₹3.87 crore in total.
The Ghatlodia police have initiated an investigation into the matter.