Dungra, Vapi, police, with the assistance of Goa police, have successfully arrested a man of Gujarat origin for allegedly cheating thousands of people of more than Rs9 crores. Jaykumar Gohil started his company Ranggeeta Enterprises in Goa last year and enticed people to invest in cryptocurrency, promising high returns. At first, he approached people on foot and pitched them the idea. Later on, with more investments coming in he was able to build two offices, one in Margao and the other in the Vasco area. However, his claims turned out to be fake and many people lost a lot of money.
According to the police, Gohil has cheated at least 2500 people, siphoning a total amount in the range of Rs9 crores. Superintendent of police (SP), Crime Branch, Nidhin Valsan said, “The Economic Offences Cell (EOC) of Goa police with the assistance of Dungra police station in Vapi, Gujarat managed to apprehend the accused Gohil in an alleged cheating case.”
It is believed, that Gohil first promised 20% returns and then upped it to 40%, but as investments increased he reduced the interest rate and increased the tenure of investment. According to the police, Gohil, along with five others, fled with the money from the investors.