Rs 27000000000 scam: How two brothers from Rajasthan conned 70000 people in name of…

Dholera Neat City Scam: Subhash Bijarani and Ranveer Bijarani, two conmen, brothers, from a small town in Rajasthan, are accused of duping better than 70,000 of us of a whopping Rs 2676 crores in what is being called India’s best true estate scam. Per the authorities, the Bijarani brothers, conned of us by luring them to make investments within the ‘Dholera Neat City mission’.

As per details, the Bijaranis, both residents of Rajasthan’s Sikar district, established a agency named Nexa Evergreen, and historical it to lure merchants on the pretext of vastly better returns and plots of high land in ‘Dholera Neat City’ in Gujarat. The brothers are moreover accused of defrauding merchants by showing them pictures of various initiatives in Dholera city.

Their ponzi contrivance moreover concerned ideas esteem stage earnings and commissions and rewards for referring others, with percentages so a lot of by ranges and rewards a lot like laptops, two-wheelers, and automobiles for achieving funding milestones, and moreover enticed merchants with bonus commissions for recruiting other merchants below their unique ID, per officials.

What's the Dholera Neat City Scam?

Per officials, the Ranveer Bijarani purchased a fraction of land in Dholera in 2014, and his brother Subhash Bijarani, a retired Navy man, moreover purchased a pickle for Rs 30 lakh within the city after his retirement. In 2021, the Bijarani brother registered Nexa Evergreen in Ahmedabad, which claimed to be a ingredient of the so-called ‘Dholera Neat City’ mission.

The brothers claimed that they owned 1,300 bighas in Dholera, which will we transformed valid into a perfect city below the fictitious mission, and lured better than 70,000 merchants with promises of high returns, posh flats, and wonderful funding schemes.

Ranveer and Subhash raised about Rs 2,676 crore from merchants across the country, and historical their high officials including Salim Khan, Sameer, Datar Singh, Rakshapal, Ompal, and Sanwarmal, to recruit thousands of agents in Rajasthan, who obtained massive commissions for bringing in merchants.

As per authorities, the Bijaranis allotted a whopping Rs 1,500 crore in commissions to agents, and moreover purchased 1,300 bighas of land with the fraudulently obtained investments.

Police file FIR, ED conducts raids

The 2 brothers stashed Rs 250 crore in cash, and transferred the comfort to 27 shell firms before shutting their offices and fleeing when the fraud came to light. The duo had moreover purchased a lot of luxurious automobiles, mines and resorts in Rajasthan, flats in Ahmedabad and 25 resorts in Goa.

Later, the police in Rajasthan’s Jodhpur filed a case within the topic and launched a probe. On Thursday, the Enforcement Directorate (ED) raided as many as 25 areas linked to the Bijarani brothers in Jaipur, Sikar, Jhunjhunu and Ahmedabad in reference to a cash laundering case it has registered within the Nexa Evergreen fraud.

Is there a ‘true’ Dholera Neat City Project?

Yes, there may be an true Dholera Neat City, which shall be India’s first greenfield super city, and measures a whopping 920 sq km, about twice the scale of Delhi.

The Dholera Neat City mission is a joint mission between the Central and Gujarat governments, and is expected to accomplished by the twelve months 2042.