Indian cricketer Shubman Gill, along with three other Gujarat Titans players Sai Sudharsan, Rahul Tewatia, and Mohit Sharma might be questioned by the Gujarat CID crime branch over a huge Rs 450 crore chit fund scam. This comes after Bhupendrasinh Zala, the main suspect behind the scam, admitted that he didn’t return the money invested by the players.
Zala is accused of running a big fraud in Gujarat. He set up offices in different places like Talod, Himmatnagar, and Vadodara, and used agents to take money from people. Investigations show he raised Rs 6,000 crore, including Rs 175 crore through banks like ICICI and IFC. He promised people high returns but never gave the money back.
During the ongoing investigation, Zala reportedly confessed to taking money from several cricketers, including Shubman Gill, who is the captain of Gujarat Titans in the 2024 IPL season. Reports say that Gill invested Rs 1.95 crore in Zala’s Ponzi scheme. Mohit Sharma, Tewatia, and Sudharsan also made smaller investments in the scam.
Zala was hiding for almost a month but was finally arrested by the CID on December 27 in Mehsana district. He is now in police custody until January 4. As the case progresses, the involvement of Gujarat Titans players in the scam is expected to become more evident. The CID has mentioned that they will keep looking into all possible aspects, and more updates are expected in the upcoming weeks.
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Jasir Basharat is a cricket enthusiast capturing the heart of the game through insightful analysis and storytelling sharing his passion for the sport through engaging narratives. He is a business graduate from University of Kashmir.
