City Court Denies Bail to Postal Agents in ₹6 Crore Scam

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City Court Denies Bail to Postal Agents in ₹6 Crore Scam

| Updated: February 8, 2024 15:51

On February 6, a city sessions court denied regular bail to two postal agents from the Shastrinagar post office, implicated in an alleged scam of ₹6 crore dating back to 1999-2000.

The accused, Tejas Shah, his wife Gira Shah, and Darshana Bhatt, allegedly defrauded small investors and a significant number of senior citizens, causing them to lose their life savings. The trio operated under the guise of postal agents, exploiting the trust of their unsuspecting victims.

Sudhir Brahmbhatt, the public prosecutor of the city civil and sessions court, stated that the accused misused their authority as postal agents to dupe innocent people, particularly senior citizens, out of crores of rupees.

The fraudsters lured their victims with schemes such as the Monthly Income Scheme (MIS), the Post Office Time Deposit Scheme (TD scheme), the Kisan Vikas Patra (KVP), and the Senior Citizens’ Saving Scheme (SCSS). They would then replace the genuine post office passbooks with fake ones during the documentation process, thereby siphoning off ₹6 crore to date.

Despite the scam being exposed years ago, authorities continue to receive complaints from victims against the three accused. Tejas Shah, whose post agency was dismissed by the postal department in 2017, along with the other accused, had opened an agency near the Shastrinagar post office, where they scammed numerous citizens.

Tejas Shah, the main accused, is currently lodged in Sabarmati Jail. His wife Gira and Darshana Bhatt had applied for bail in the sessions court, which was subsequently denied.

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