Data entry ponzi scamster held for duping investors of Rs 50 cr: Police

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An owner of two Nadiad-based technology firms has been arrested for allegedly duping over 20,000 investors across the state to the tune of over Rs 50 crore through a dubious “data entry investment” scheme.

According to police, the accused Rahul Vaghela, a Nadiad resident, was arrested by a team of Local Crime Branch (LCB) of Banaskantha Police from Dhanera border taluka Sunday night when he was allegedly trying to flee to Rajasthan.

Vaghela, the owner of Master Digital and Master Solution Technology Private Limited companies in Nadiad, has been accused of duping the investors by luring them to invest sums of money in the two companies in exchange of higher returns over a data entry job scheme in the past one year.

Nadiad Police said preliminary investigation has revealed that Vaghela took small sums of money from over 22,000 investors to the tune of Rs 50 crore after which the accused fled with their money.

According to…

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