The Khanna police Ponzi scam has exposed one of the biggest frauds in recent months. Police said the suspects created fake companies to dupe people of crores of rupees. In just seven months, transactions worth ₹122 crore passed through 21 bank accounts linked to these firms. So far, police have frozen ₹60 lakh.
Four suspects were arrested — Bikramjit Singh, Amit Khullar, Harpreet Singh, and Avtar Singh. Police also seized laptops, CPUs, and mobile phones. However, several others, including Jaspreet Singh, Satvinder Singh alias Sona, Jatinder Singh alias Kamal Grewal, and Parvinder Singh, are still absconding.
According to the FIR, the accused lured people by setting up a company called The Generation of Farming. They promised an 8% monthly return on investments. Victims invested large sums, but most never got their money back. One complainant alone lost over ₹22 lakh.
Police later found that the group registered multiple fake firms under different names. Following this, a Special Investigation Team (SIT) was formed to investigate the case further. More complaints are still coming in as the scam widens across Punjab, Haryana, and beyond.
