A trader from Ahmedabad has reported a significant fraud involving an investment in a cigarette and gutkha business. The individual, identified as Nikhil Solanki, claims to have lost Rs 8.7 lakh due to deceptive practices by a man named Navratan Baheti. Solanki approached the Navrangpura police to file a formal complaint regarding the incident.
Details of the Fraudulent Scheme
The encounter between Solanki and Baheti began in November 2024 during a train journey on the Duronto Express from Ahmedabad to Mumbai. Baheti introduced himself as a wholesaler and proposed a partnership. He promised substantial returns on investment, which ultimately lured Solanki into the scheme.
Investment Agreement and Promises
Following their initial meeting, Baheti met Solanki at a hotel on Ashram Road to discuss the business venture further. He encouraged Solanki to rent a godown for the operation and suggested an investment of Rs 15 lakh. However, Solanki was not in a position to cover the entire amount.
- Solanki pledged his wife’s jewelry as collateral.
- He utilized his credit card to gather Rs 8.7 lakh.
- The funds were transferred to Baheti through both angadia and online payments.
The transfers occurred between February 7 and February 17. Unfortunately, despite Baheti’s repeated assurances, Solanki never received the promised goods or a refund of his investment.
Seeking Justice
After numerous attempts to retrieve his money failed, Solanki felt compelled to contact law enforcement. The Navrangpura police have since registered a case of cheating against Navratan Baheti. The investigation is ongoing as authorities look into the details of this fraudulent enterprise.
This incident serves as a cautionary tale for individuals considering investments in unfamiliar business ventures, particularly those involving high returns and partnerships with new acquaintances.
