Rajasthan VIP Trade Scam investigation has taken a major turn as police intensified action in the multi-crore forex trading fraud case in Kishangarh, Ajmer. Gandhinagar police have taken the alleged mastermind Lokesh Chaudhary into custody through a production warrant. Authorities are now questioning him to trace the money trail of nearly ₹6 crore allegedly siphoned off from investors.
Police have already arrested four accused in the case, including company director Lokesh Chaudhary, Dheeraj, cashier Balveer Vaishnav, and financial assistant Narendra alias Nanu. Investigations revealed that the accused lured investors with promises of high returns through investment and forex trading schemes.
In a fresh development, police arrested two more key suspects, Hidayat Ali and Kailash Chaudhary. Officials believe both played a crucial role in collecting money from investors and channeling funds into the company. Their interrogation is expected to reveal further links in the fraud network.
The operation is being conducted under the supervision of Ajmer SP Vandita Rana, CO City IPS Ajay Singh Rathore, and Gandhinagar SHO Sanjay Sharma. Police have seized two vehicles and around ₹30 lakh in cash so far.
Investigators say several accused, including Abdul Samad, are still absconding. Meanwhile, questions are also being raised on other firms such as Efom, CMN, NFT Treasure, and Busy Wealth, accused of similar large-scale financial frauds.
