Sambhal, Uttar Pradesh — In a case that has shaken the local business community, famed hair stylist and entrepreneur Jawed Habib stands accused of defrauding more than 150 investors through his company, FLC (Follicle Global Company). Investors claim they were promised lucrative returns, but months later, many remain unpaid, prompting police to launch a formal investigation.
The Investment Pitch
According to complaints filed with the Raysatti police station, Habib visited Sambhal in 2023 with his son to conduct a promotional program for FLC. Attendees were encouraged to invest their savings, with assurances of profitable returns. Local residents, drawn by Habib’s reputation and the promise of high gains, invested their hard-earned money.
“We trusted him because he is a well-known figure. We thought our money was safe, but now we feel completely betrayed,” said one investor, who requested anonymity.
Online Transactions and Alleged Fraud
Police investigation revealed that FLC facilitated online transactions to collect funds from investors, yet the company failed to provide any returns. Complainants submitted documents and proof of investment to authorities, which helped substantiate the allegations.
The FIR filed by the police cites fraud and criminal conspiracy, and investigations are ongoing to identify all parties involved. Authorities are reaching out to affected investors to gather additional evidence.
A Pattern of Controversy
Habib’s name has appeared in controversies before. Last year, a video circulated on social media showing him allegedly behaving inappropriately toward a woman’s hair, attracting widespread public criticism.
Legal Response and Next Steps
Police officials have assured that strict legal action will be taken once the investigation concludes. “Our priority is to ensure that the investors’ interests are protected and to prevent similar incidents from occurring in the future,” said a senior officer at Raysatti police station.
Cybercrime and financial experts warn that such schemes exploit trust and celebrity influence, highlighting the need for stricter regulations and investor awareness.
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“People are often swayed by reputation and promises of high returns. Cases like this underscore the importance of due diligence and regulatory oversight,” said a financial crime analyst based in Delhi.
As the investigation proceeds, local residents remain on edge, hoping for restitution and a clear message that fraudulent schemes, even those backed by public figures, will face legal scrutiny.
