Overview
- Kanpur police captured BlueChip Group owner Ravindra Nath Soni on November 30 in Dehradun after tracing a food-delivery order to his hideout.
- A Kanpur court sent Soni to judicial custody and denied bail as investigators expand the probe prompted by a fraud complaint from Delhi resident Abdul Kareem.
- Police say they are following the money trail, have frozen about Rs 80 lakh across multiple accounts, and are identifying alleged accomplices and linked companies.
- BlueChip promised “guaranteed” 3% monthly returns, collapsed in March 2024 with bounced cheques and an abandoned Dubai office, and is linked to losses estimated above $100 million.
- Victims span multiple countries and documents show $17 million invested by just 90 individuals, with UAE and India cases proceeding and legal experts pointing to India’s Section 48 for prosecution of offshore offences.