In a major enforcement action targeted at local high-yield investment syndicates, the Ghaziabad Police have registered a comprehensive criminal fraud case against a regional political leader, his wife, and four other key operatives. The module is accused of orchestrating an elaborate offline Ponzi scheme that collectively siphoned roughly ₹3.5 crore from numerous retail investors and their extended families across the National Capital Region (NCR).
The formal enforcement sweep was initiated by the Loni police division following an intensive evaluation of banking ledgers and transaction trees submitted by direct victims. According to police records, when the affected investors confronted the syndicate demanding liquidation of their principal capitals, the operators allegedly resorted to open intimidation and active death threats to suppress reporting. The registered case names six specific conspirators, including regional political figure Surendra Kasana, his wife Preeti, alongside corporate front associates Lavish Chaudhary, Alimuddin Ansari, Nafees Ali, and Akbar.
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The Multi-Tiered Seminar Bait
The investigation was formally triggered by an emergency complaint submitted to senior enforcement heads by Yogesh Kumar, a resident of Chhajupur in East Delhi’s Shahdara. According to the prosecution case, the multi-tiered financial deception began in January 2023, when Yogesh and his brother, Gaurav Kumar, visited Loni and interacted with Kasana.
During these introductory meetings, Kasana projected himself as an influential, elite-tier corporate partner managing multi-million rupee assets for high-growth investment enterprises. To establish institutional validity, the syndicate regularly organized elaborate corporate seminars, elite private meetings, and formal public promotional events where Preeti and Akbar regularly engaged potential targets, utilizing fabricated growth dashboards and glossy presentation layouts to promise guaranteed, low-risk monthly returns ranging from five percent to eight percent.
Network Expansion and Layered Siphoning
Enticed by the aggressive yield parameters, the complainants initially injected smaller capital segments into the provided accounts. To maximize retention and trigger broader community ingestion, the syndicate systematically cleared the first few cycles of monthly payouts. Once the victims validated the digital ledger prints, the suspects pressurized them to onboard secondary circles, including local business colleagues, close family members, and immediate relatives.
The Kasana Group Ponzi pipeline relied on a continuous cycle of deceptive elements. The initial inbound ingestion gathered momentum through deceptive regional seminars promising five to eight percent monthly yields. This setup triggered a strong network multiplier effect because early dividend payouts successfully convinced early victims to execute aggressive referral investments across their social circles. Finally, the operation concluded with systematic account dispersion where over three and a half crore rupees were moved fluidly across proxy corporate banking nodes to prevent early recovery.
Acting on these firm institutional reassurances, Yogesh and his inner circle mobilized approximately ₹75 lakh in the first phase. Over a twelve-month window, as more acquaintances joined the investment scheme, the cumulative capital footprint routed directly through the syndicate’s diverse bank accounts and instant cash handovers escalated to over ₹3.5 crore.
Liquidity Default and Prosecutorial Actions
The operational framework collapsed when the core accounts abruptly ceased all monthly dividend payouts. When multiple sub-groups of investors began executing unified withdrawal demands, the suspects completely shuttered their temporary operational modules. Subsequent field checkups revealed that the underlying investment enterprises boasted no verifiable institutional link to any legitimate financial markets, confirming the funds had been systematically diverted into proxy real estate acquisitions and private asset upgrades.
Assistant Commissioner of Police (ACP) Loni, Siddharth Gautam, confirmed that following an evaluation of the documentary evidence, a formal First Information Report (FIR) has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) covering criminal breach of trust, cheating, and criminal intimidation. Specialized cyber and financial crime cells have taken over the probe, freezing the suspect bank accounts while tactical tracking teams deploy local field networks to trace the absconding syndicate operatives.
