10th pass man sets up firm, executes scam:Travels in ₹80 lakh car, keeps gunman; arrested running garment shop 600 km away from home

A 10th-pass man, Ajay Rathore, who started a private company, has been arrested for cheating investors of over ₹20 crore. He used luxury cars and a gunman to gain people’s trust. Police in Mandsaur said Rathore ran a company called Krolik from Malhargarh. He offered an investment scheme promising 15 percent returns. Hundreds of people invested, and the total money collected ran into crores. At first, the company paid returns to some investors to build trust. Later, after collecting large amounts, the company was shut and Rathore went into hiding. He was caught along with one more accused in Faridabad, Haryana. Built trust with luxurious lifestyle
According to the police, Ajay Rathore used to travel in a Jaguar car worth about 80 lakh rupees. While his associate, Aditya Paliwal, kept a gunman. Seeing their grandeur and influence, people blindly trusted them. Had done an ethical hacking course
The investigation revealed that Ajay Rathore is only 10th pass, but he had completed an ethical hacking course. During his evasion, he used techniques like SIM-less mobile, proxy networks, and virtual locations to evade the police for about a year. Aditya Paliwal is a graduate and played a crucial role in operating the entire network. Running a clothing store in Haryana
Using technical analysis, the YD Nagar police traced the location of the accused to Faridabad, Haryana. Both accused were operating a clothing store in Faridabad, about 600 kilometers from Mandsaur. The police team raided the location and arrested both of them. Laptop, iPad, and Thar seized
Police seized a laptop, an Apple iPad, three mobile phones, and a Mahindra Thar vehicle from the possession of the accused. The estimated value of the seized items is said to be around 20 lakh rupees. Currently, the police are investigating the defrauded amount, purchased properties, and the role of other accomplices. A case has been registered against both accused under Sections 318(4), 316(5) of the BNS and Section 6(1) of the Madhya Pradesh Protection of Interests of Depositors Act, 2000.