In a massive crackdown on white-collar economic crime, the Udaipur District Police in Rajasthan have dismantled a multi-state fraudulent investment racket operating under the guise of an e-commerce logistics conglomerate. Coordinated tracking operations led to the arrest of three primary orchestrators who allegedly engineered a sophisticated ₹71.59 crore financial scam. The syndicate siphoned life savings from thousands of retail investors by dangling lucrative franchise ownerships, modern warehouse distributions, and tech-driven virtual retail pipelines.
The operational breakdown began following an intense investigation supervised by Udaipur’s senior enforcement wings. The three arrested masterminds have been formally identified as Naresh Kumar Saini, a resident of Kotputli in Jaipur district, along with his core associates Yogesh Saini and Manoj Kumar Saini, both hailing from Mahendragarh district in neighboring Haryana. The accused were produced before a local judicial magistrate and remanded into extended police custody to facilitate asset tracing and backend data retrieval.
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The Bait of Corporate Logistics Infrastructure
The multi-state fraud came to light after a prominent logistics businessman based in Jaipur lodged a formal criminal complaint with the Udaipur police. According to the case files, the accused approached him representing a private, newly minted logistics enterprise that claimed to be aggressively constructing a pan-India supply chain network to compete with major global e-commerce giants.
To present an illusion of corporate stability, the masterminds showcased elaborate business blueprints, high-end digital presentations, and forged partnership contracts. They convinced the complainant to invest a total of ₹9.10 lakh, split across structural brackets including security deposits, long-term commercial lease rentals, and localized hub infrastructure costs. The firm guaranteed a massive, recurring monthly revenue model alongside an unconditional minimum income clause.
A Multilevel Pyramid Dressed as E-Commerce
Udaipur investigators quickly discovered that the firm’s entire infrastructure network was entirely fictional. The accused had established the corporate entities using the stolen identities, PAN cards, and credentials of their unsuspecting relatives and low-tier domestic workers to shield themselves from regulatory tracking.
Once the corporate legal front was active, they deployed an aggressive multilevel network marketing structure designed to exploit regional aspirations for entrepreneurship. The scale of the collection matrix across the country reveals a massive multi-layered siphoning scheme:
- The Warehouse Scheme: The syndicate extracted nearly ₹69 lakh from individuals by promising to construct modern regional distribution centers across 23 different states.
- The City Hub Racket: The gang set up over 650 fictional hyper-local distribution points, collecting more than ₹6.50 crore in upfront franchise fees from small-town business owners.
- The Virtual Retailer Net: The largest chunk of the fraud targeted standard retail individuals. By promising an automated digital storefront, the syndicate enrolled over five lakh virtual retailers into their network, siphoning a staggering ₹64.40 crore in nominal registration fees.
The Total Operational Disappearance
The entire e-commerce pipeline collapsed the moment the initial investment cycle matured. Investors who paid the massive upfront fees realized that no physical construction or software deployment was taking place on the ground. When franchise owners demanded their guaranteed minimum income payouts or a complete refund of their security stakes, the corporate executives went completely silent.
The firm abruptly shuttered its local offices, locked its digital investment portals, and severed all communication lines, prompting a wave of police complaints across multiple states. Forensic banking auditors working alongside Udaipur cyber units are currently analyzing dozens of corporate bank accounts to map out how the ₹71.59 crore was layered. Preliminary tracking shows that the illicit capital was rapidly converted into real estate land holdings and luxury personal assets across Rajasthan and Haryana.
