Celebrity hairstylist Javed Habib has reportedly begun returning money to investors involved in the Follicle Global investment controversy, though only a portion of the total dues has been repaid so far. The case revolves around allegations that Habib and his associates collected large sums under the guise of a health and beauty venture and later defaulted on payments.
According to police and investigation sources, over 200 individuals invested in the scheme, with the total disputed amount estimated at around ₹5 crore.
The Follicle Global Model: Promises and Pitfalls
Investigators say Javed Habib, his son Anos Habib, and their associates allegedly lured investors in Delhi, Sambhal, and neighboring regions, promising lucrative returns in the health and beauty sector under the banner of Follicle Global.
Seminars and promotional events were organized to attract investors, showcasing the company as a high-growth wellness brand. In many cases, investors were provided notarized affidavits and agreements, assuring them of guaranteed returns.
However, officials say the payouts were partial — often less than half of the committed returns, leading to growing frustration among participants.
Police Action and Legal Proceedings
Between September 24 and October, police at Hayatnagar police station registered 32 FIRs against Javed Habib and his associates. The main accused include:
- Javed Habib, founder and promoter
- Anos Habib, son and company representative
- Saiful, resident of Nai Sarai, Sambhal
Investigators believe that the actual scale of the fraud may exceed initial estimates, as more victims continue to come forward. Police sources say the total investment could surpass ₹5 crore, with several investors yet to recover even their principal amount.
Partial Repayments and Legal Complications
Through his lawyer, Habib has initiated partial repayments to select investors as part of a court-mediated process. However, investors allege that the amounts being returned are inconsistent and do not include promised profits.
Police sources describe the case as “legally complex,” since repayments are being made in phases. “While some money has been returned, there is no clarity on when the remaining investors will be fully compensated,” an investigating officer said.
To ensure accountability, authorities have also issued a lookout circular against Javed Habib, restricting any potential foreign travel while the investigation is underway.
Broader Implications
The Follicle Global case highlights how private investment ventures in emerging wellness and beauty sectors can become avenues for financial misconduct when oversight is weak.
Officials say the case underscores the need for stricter regulation of private investment schemes and better awareness among retail investors. Legal proceedings against Javed Habib and his associates are ongoing, and authorities are working to trace the complete financial trail to ensure full recovery for the victims.
