10 thousand crore fraud in 16 states including MP: By running schemes in the name of government schemes, 4 lakh people were cheated in 15 years. Fraud of Rs 10 thousand crores in 16 states including MP: Schemes run in the name of government schemes; 4 lakh people cheated in 15 years – Madhya Pradesh News

1. Registration of 7 co-operative societies in the Ministry of Agriculture Saga Group registered a total of 7 societies in the Ministry of Agriculture between the year 2012-13. Offices of two of these societies were opened in MP. Lustiness Janhit Credit Co-operative Society Limited (LJCC) was registered on 24 January 2013.

In this, Sameer Aggarwal joined as CMD, Anurag Bansal as Chairman, RK Shetty as Financial Advisor, Sanjay Moudgil as Trainer, Sutikshna Saxena and Pankaj Aggarwal as Partners. Saga Group had registered the society to give loans.

From 2016, the company started investing money from people through schemes like Banking, Credit, FD, RD, MIS, Sukanya, Dhan Patti, Education Plan, Pension Plan, Ayushman.

2. Created one lakh agents and opened 1 thousand branches After registration of societies, Saga Group opened 1 thousand branches at tehsil and block level across the country. Added one lakh agents. Some were kept on salary, the rest were given a commission of 4 to 12 percent for bringing investment. 40 branch offices were opened in 16 districts of Madhya Pradesh. Branch offices were also opened at various places in 22 districts of UP including Lalitpur.

This society used to deposit people’s money by launching attractive schemes. In these, the maturity date was fixed by giving receipts of FD, RD, MIS along with monthly income. There was more emphasis on cash transactions. In this, money was also deposited from people on daily basis.

3. Used to invest in plans ranging from one year to 21 years. Similar investment plans were launched in all seven societies. These include plans ranging from one year to 21 years. The person who deposited Rs 1,000 in a year was given Rs 1,172. At the same time, they used to claim to double the amount on five year FD.

Apart from this, there was also a daily and monthly RD plan. In this, by depositing Rs 200 per month, one would get Rs 2560 on maturity of one year. One could open RD between Rs 200 to Rs 5000. In this also, plans ranging from one year to 7 years were presented.

4. Created website and app, conducted training in big cities Saga Group had created the website and app. All the agents had to deposit people’s money through the app only. It had a login and password. In this, agents were given the facility to check the maturity of the customer based on his policy number.

There was a chain system of adding agents. Whatever money the agent invested, the agent above him also got some percentage commission from it. This chain system was in place till CMD Sameer Aggarwal.

Agents’ commission also came in this app, which was visible in the form of points. The only way to cash it was to get that amount invested by a customer and keep it with himself and pay it from the commission received in the form of points. The society also used to deduct GST on the agents’ commission.

Agents were called every month for training in cities like Jhansi, Sagar, Lucknow, Bhopal etc. The society itself made all the arrangements for accommodation and food there. Many times online training was conducted.

Sanjay Mudgil used to join as a trainer. He used to present the offers to the agents on completing the target in such an attractive manner that the agents used to do their best to fulfill it.

5. Lure of tours, plots and luxury vehicles of Dubai, Thailand, Bangkok All the societies including LJCC used to take their agents on trips to cities like Mumbai, Goa etc. along with countries like Bangkok, Thailand and Dubai on achieving the target. She used to conduct seminars in big cities of the country like Mumbai, Hyderabad, Ahmedabad, Chennai etc.

Agents were honored in these. Also, big and expensive cars were given as gifts to the agents who achieved the target. Who would get which car depended on his monthly investment. The company used to buy the car and give it away with minimum amount. The remaining money was financed from the bank, the installment of which was paid by the agent after completing his targets.

Fraud in the name of different companies in 15 years It was publicized about Saga Group that this company works in gold-coal mines, oil wells and real estate abroad. Sameer Aggarwal has been cheating people for the last 15 years through different named companies and societies.

Year 2009: Registration of company in Gwalior with the name Advantage Trade Com. This company used to sell tour packages. In this, Rs 7500 was taken from a customer. The tour was conducted in different parts of the country. In this three-year plan, if any customer did not do the tour, he was lured to pay Rs 15,000 as double amount.

Year 2012: Registration of Option One Industries Limited Company in Gwalior. Advantage Trade customers were merged into this company. Its head office was opened in Indore. The company then sold bonds. In this, people were lured into doubling their money in five years.

Year 2016: Company closed, registration of 7 societies Sameer Aggarwal closed the companies and got 7 societies registered with different names in the Agriculture Ministry. In Madhya Pradesh, Shri Swami Vivekananda Multistate Co-operative Credit Society (SSV) replaced Option One Industries Limited Company.

Year 2019: SSV Society closed, LJCC started After complaints and FIR were filed against SSV in Bhopal, SEBI banned its functioning. After this, Lustiness Janhit Credit Co-operative Society Limited (LJCC) started work in MP. All customers of SSV were merged into it. All the work was done like in the old society.

Keep an eye on government compensation received by people Saga Group targeted those places in MP where people received money as government compensation. Many big government projects have come up in the Bundelkhand region of MP and UP in the last years. Bajaj Power Plant was established in Lalitpur in 2012. Banasujara Dam built in Tikamgarh, MP. In this, people’s lands were acquired. He got money. Saga Group invested this money in its schemes through societies.

ATMs were also opened by Saga Group in rural areas. However, ATM cards were never given to those who invested money.

Now know how the fraud network was exposed The company stopped paying the maturity amount from January 2024 in cities like Tikamgarh, Vidisha, Bhind, Sagar, Chhatarpur, Damoh, Sagar, Katni, Sehore etc. of MP. First people were referred to the Lok Sabha elections. After this different excuses were made.

When the money was not received, people reached the police station and started complaining. In the month of August, for the first time, the police in Lalitpur and Tikamgarh simultaneously registered an FIR on the complaint of the victims.

Tikamgarh’s then SP Rohit Kashwani (now Vidisha SP) says that we received 100 complaint applications against the society of Saga Group. On the basis of this, we registered 5 FIRs, in which 17 people including Group CMD Sameer Aggarwal were made accused.

Of these, we arrested 11 accused including Tikamgarh head of the society Subodh Rawat at that time. We have also seized property worth Rs 4 crore of the accused. It has vehicles and land.

People who were victims of fraud in Tikamgarh had complained to the police station in August. Police arrested 11 accused. People have not got the money back yet.

13 FIRs in Lalitpur, UP According to Lalitpur SP Mohammad Mushtaq, fraud worth several thousand crores has been done by forming a syndicate. So far 13 FIRs have been registered. Lalitpur masterminds Ravi Tiwari and Alok Jain have been arrested in this case. Rs 54 lakh deposited in his accounts have been frozen.

ED is also investigating this matter. Uttarakhand Police has also arrested 5 accused. A lookout notice has also been issued for the arrest of the mastermind and Sameer Aggarwal, who is sitting in Abu Dhabi, Dubai.

Listen to the story of the company’s fraud from the victims’ words

Anup Raikwar, Tikamgarh: I sell sandwiches from a cart. Deposited Rs 500 every day in LJCC three years ago. I was told that I would get Rs 7 lakh on completion of maturity. Now the company has fled. The agent who had deposited the money with me has also given up on giving the money.

Gotiram Rathore, Bhind: The government acquired the agricultural land of Gotiram Rathore, a resident of Daboh, to build a highway. In return he received a compensation of Rs 5.50 lakh. Gotiram says that the agent of the society contacted. Told that the amount will double in five years i.e. Rs 11 lakh will be received. Seeing a profitable deal, I invested the entire amount.

Sachin Goyal, Vidisha: Sachin Goyal, who sells groceries in Ganjbasoda, used to deposit Rs 100 daily in JLCC. He deposited Rs 36 thousand in this way. He was lured to pay Rs 38 thousand in a year. Now the branch is locked.

Read tomorrow i.e. 2nd December, MP’s Mahathug – Part 2 In this part, we will tell you how Sameer Aggarwal, who runs Matka betting, became a big swindler? How the tea seller and the porter also became millionaires along with him..

Sameer Aggarwal, who runs Matka betting, lives a luxury life. Currently in Dubai.