Team India striker Shubman Gill has been summoned by the Gujarat CID Crime Branch. Reports have surfaced of Gill's involvement in a Rs 450-crore fund scam. Along with Gill, three other players from Gujarat Titans subpoenas have been issued. These include Sai Sudarshan, Mohit Sharma and Rahul Tewatia.
Why Shubman Gill is called?
According to reports, Shubman Gill invested Rs 1.95 crore in Bhupendrasinh Zala's Ponzi scheme. This made him one of the biggest investors among the cricketers involved. Others are said to have invested smaller amounts. Despite these claims, investigators are yet to find a direct link between Zala and Shubman Gill and other cricketers. Until now, Shubman is in Sydney with the indian team.
Officials seized unofficial financial records during the raids and are investigating transactions related to Zala's companies. The main entities under suspicion include BZ Financial Services and BZ Traders.
Speaking to Ahmedabad Mirror, a CID official stated, “If Zala is found guilty, strict action will follow. Teams are scrutinizing his accounts to assess the extent of fraud.”
Details of Zala's Ponzi Scheme
Zala is a resident of Himmatnagar in Gujarat. He allegedly defrauded 11,000 investors with his Ponzi schemes. Reports say he has been doing this for four years now. At first he paid customers, but once trust was established, the payments stopped. He used the money to buy assets worth Rs. 100 crowns for himself.
Zala operated through various entities such as BZ Financial Services and BZ Traders. He attracted investors by promising exorbitant returns – up to 36% per annum. After weeks on the run, Zala was arrested in Mehsana on 27 December 2024. He remains in custody until 4 January 2025.
Shubman Gill is currently on Australia and is likely to feature in the Sydney Test. He will not face any immediate legal action. However, the Gujarat CID may call him later after his national duty is completed. Rumors of his unavailability for the Sydney Test surfaced, but they are all false as of now.
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