Overview
- Police identified the accused as Punit Beriwala, 62, CEO of Gurugram-based Vipul Limited, who was arrested on Friday.
- After his Saturday court appearance, he was placed in two-day police custody for interrogation.
- An FIR for cheating and criminal conspiracy was registered on October 1 at Shivaji Nagar police station naming Beriwala and associates Sunil Bhandari and Praveen Gupta.
- Complainants are lawyers from Gurugram and Rohtak who invested ₹6 crore in 2024 after promises of rapid returns and later staged a protest at V Club on August 25, 2025.
- Police say the money was invested in other company projects, and investigators are conducting raids to locate the named associates; Vipul Limited has not commented.