Lucknow, India — September 15, 2025
A high-stakes investment fraud has surfaced in Uttar Pradesh’s capital, where a businessman from Alam Bagh has accused a Mumbai-based company of cheating him and a friend out of ₹67.13 lakh. Police say the scheme, orchestrated by Kaifi Global Investment Company and its associates, promised handsome monthly returns before collapsing under suspicion.
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The Web of Investment
The complainant, Siddharth Singh, told police that in March 2022 a family acquaintance, Komal Agarwal, introduced him to the firm’s director, Kunal Dhiren Mehta. Singh recalled being shown an office in Eldeco Corporate Tower, in Lucknow’s Vibhutikhand area, which bolstered the appearance of legitimacy.
By August 2023, Singh had invested nearly ₹62 lakh, encouraged by promises of fixed monthly profits. His friend, Amit Sharma of Noida, contributed another ₹5 lakh. Together, they say, their trust was systematically exploited.
Arrests and Intimidation
The facade began to unravel when news broke that Mehta had been arrested by Mumbai police. Singh alleged that when he and Sharma demanded their money back, the director’s family and associates turned to intimidation. According to his statement, Mehta’s father, Rita Mehta, along with Yasho Mehta and Suresh Kumar, threatened the two men and their families.
Police have now registered a First Information Report (FIR) against five accused and opened a probe into the firm’s financial dealings.
Expert Analysis
Experts warn that the case mirrors a recurring pattern in India’s financial fraud landscape.
“This is a textbook Ponzi scheme,” said Prof. Triveni Singh, a former IPS officer and cybercrime specialist. “Investors are lured with promises of high monthly returns, often receiving small payouts at first to build trust. Once the amounts grow, the entire structure collapses. Awareness is the only real defense — as long as people invest without due diligence, these scams will thrive.”
The Police Inquiry
Investigators said they are focusing on several angles: tracing the flow of investor funds, verifying whether the company’s Lucknow office had any genuine operations, and determining who orchestrated the alleged threats. Officials emphasized that more arrests could follow as the case unfolds.