The corridors of King George’s Medical University (K.G.M.U.) are abuzz, not with the latest research breakthrough or medical discovery, but with talk of a financial scandal. Several doctors, lured by promises of high returns, say they were tricked by their own colleagues into investing lakhs of rupees in what now appears to be a fraudulent scheme.
A Trap Built on Trust
Dr. Mohammad Amir Husain, a junior resident, recalls how the proposal began innocently: a friendly conversation among colleagues. Soon, however, it turned into mounting pressure to invest in a company called Green by Veda.
“They showed us documents, photographs, everything to make it look legitimate,” Dr. Husain said. Convinced that the investment was safe, he put in nearly ₹7 lakh. But when he asked for returns, he claims he was threatened with false lawsuits and told his career could be destroyed.
Not the Only Victim
Dr. Husain’s experience was far from unique. Several other doctors, many still in training, told a similar story.
Dr. Ayush Singh — more than ₹6 lakh invested
Dr. Anant Khan — about ₹7 lakh invested
Dr. Ashish Kumar (Varanasi) — around ₹3 lakh invested
All describe the same pattern: persuasion through trust, promises of unusually high profits, and ultimately, intimidation when they tried to withdraw their money.
The Accused
At the center of the allegations is Dr. Ajay Kumar Verma, a senior resident in the Department of Anatomy, and his wife. Police complaints accuse the couple of leveraging their professional standing to persuade junior colleagues into investing — and even pushing them to bring in others.
A Pyramid in White Coats
The police investigation suggests the scheme operated much like a pyramid network: money from new investors was funneled to create the illusion of returns for earlier ones. The complaint has been registered under charges of fraud, criminal conspiracy and intimidation.
Expert’s View
A noted cybercrime expert, described the case as a classic instance of “affinity fraud.”
“When the fraudster is someone from your own professional or social circle, skepticism disappears,” he said. “That is why even highly educated people fall prey to such scams.”
A Breach of Trust
For many victims, the financial loss is only part of the story. The deeper wound, they say, is the betrayal by colleagues they trusted.
“They didn’t just take our money — they stole the trust that binds us as doctors,” one junior resident said. “If we can’t trust each other inside the hospital, how can patients and society trust us outside it?”
For now, the investigation continues. Inside the medical university, however, an air of suspicion lingers. Young doctors, usually preoccupied with saving lives, now find themselves navigating the fallout of a financial scandal that hit uncomfortably close to home.
Timeline of Events
July 2024 — First discussions of investment opportunities in Green by Veda circulate among doctors.
August 2024 — Multiple junior residents persuaded to invest; initial payments made.
September 2024 — Promised returns fail to arrive; early doubts surface.
October 2024 — Victims who demand repayment are allegedly threatened.
Late 2024 – Early 2025 — More doctors join the scheme; money continues to pour in.
September 2025 — Victims file a formal complaint with police, triggering an official investigation.