40 relatives cheated of ₹2 crore in investment fraud:Gwalior couple allegedly lures family members through fake firm, promises returns

A major investment fraud has come to light in Gwalior, where a couple allegedly duped around 40 people of nearly ₹2 crore by promising high returns. Notably, all the complainants are related to each other. A fresh complaint in the case was submitted on Tuesday. Victim Gurudayal Singh Rathore said that Ajay Rathore and his wife Neetu Rathore floated a company named “Mansi Enterprises Two” and lured people with promises of high monthly profits on investments. They also offered 4–5% commission for bringing in new investors. Because the accused were relatives, people trusted them without much verification. Gurudayal Rathore alone invested around ₹30 lakh. He said he mortgaged gold and also took a loan against his flat to arrange the money. However, even after six months, neither the principal amount nor any profit was returned. Initially gave profits, then ended the game Another victim, Narendra Rathore, said that initially they were given monthly returns for a few months to build trust, after which payments were suddenly stopped. He had invested around ₹11–12 lakh. Similarly, Dinesh Rathore said he first invested ₹3 lakh and received returns for some time. After gaining confidence, he invested another ₹4 lakh, but after that, payments stopped completely. Money transferred through online transactions The fraud money was transferred through online modes such as Paytm, PhonePe and other digital payment platforms, indicating a large transaction network. When victims became suspicious, it was found that Ajay Rathore and Neetu Rathore had absconded. Their mobile phones are also switched off, increasing concern among investors. Both accused are residents of Bhind. Neetu was reportedly staying in Chandigarh, while Ajay was living in Noida. Victims allege that they have repeatedly approached the police station, crime branch and SP office, but no concrete action has been taken so far. They are now demanding the immediate arrest of the accused and recovery of their money.