Ahmedabad: Fraud cases are on the rise in Gujarat. Criminals are using cyber crime and fake identities to cheat innocent people. A shocking incident of fraud has come to light in GIFT City. A person was tricked into investing ₹1.28 crore under the pretext of making an investment in GIFT City.
According to police reports, two individuals were named in the complaint filed at the Sabarmati police station. The victim had given ₹2.53 crore to these two suspects for investment purposes. However, they cheated the victim and embezzled ₹1.28 crore. When the victim realised what had happened, they decided to approach the police for help.
The victim reported the fraud to the Sabarmati police, naming Kanaiyalal and Sudhaben as the suspects. The police have registered a case under relevant sections of the law and have begun their investigation.
This incident is not isolated. Similar fraud cases have been reported across Gujarat. One such case occurred in Bhavnagar, where the owner of a rolling mill was cheated out of ₹2.35 crore. In that case, four individuals were named in the complaint.
GIFT City, officially known as the Gujarat International Finance Tec-City, is designed to be a modern financial hub. It is expected to play a key role in India’s vision of becoming a developed nation by 2047. Recently, Finance Minister Nirmala Sitharaman highlighted GIFT City’s importance during a seminar in Gandhinagar. She pointed out that GIFT City was conceived in 2007 when Prime Minister Narendra Modi was the Chief Minister of Gujarat. Now, it has developed into an international financial centre.
Sitharaman stated that GIFT City aims to become a platform for green technology. She mentioned that various fintech laboratories would be established to achieve an economic target of $30 trillion by 2047. The city is home to international banking, exchanges, and various companies providing financial services.
The recent rise in fraud cases in GIFT City raises concerns about the safety and security of investments in the area. As more people look to invest, it is crucial for authorities to ensure that proper regulations and protections are in place.
In light of these incidents, police are urging the public to be vigilant. They recommend verifying the credentials of any investment opportunity and reporting suspicious activities immediately. Fraudsters often prey on individuals looking to invest their savings, so it is essential to conduct thorough research.
The government’s efforts to develop GIFT City as a financial hub must also include measures to protect investors. This will help build trust and confidence in the region as a safe place for investment.
In conclusion, while GIFT City presents significant opportunities for financial growth, recent scams highlight the need for caution. Investors should be aware of the risks and take necessary precautions to avoid falling victim to fraud. The authorities must act swiftly to address these issues and ensure a safe investment environment for all.
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