Tension gripped Jharkhand’s Giridih district after the Tamil Nadu CB-CID carried out a major operation in connection with an alleged ₹9,600 crore financial scam and arrested Gulshan Darad from the Jamua police station area. Following the arrest, the investigative team completed transit formalities and departed for Coimbatore with the accused.
According to the investigating agency, the case was registered at the CB-CID police station in Krishnagiri district of Tamil Nadu. Gulshan Darad and around half a dozen associates have been accused of orchestrating a large-scale financial fraud, with the alleged amount involved estimated at ₹9,600 crore. The accused had reportedly been absconding since the case was registered in January this year.
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Preliminary investigation suggests that Darad operated a tourism company in Coimbatore. Authorities suspect that substantial funds were mobilised in the name of investments and business transactions through the firm. Soon after the FIR was filed, Darad allegedly went missing from Coimbatore, and his mobile phone was found switched off.
A special team of the Tamil Nadu CB-CID reached Giridih earlier this week and coordinated with the local Jamua police. Acting on specific inputs, the team surrounded the accused’s residence in Jagannathdih village and took him into custody. Officials confirmed that the arrest was carried out without any untoward incident and all legal procedures were followed before moving him out of the state.
Sources in the investigation revealed that Darad and his associates face serious charges including criminal conspiracy, cheating and alleged illegal financial transactions. Authorities are currently examining financial records, bank transactions and company documents to trace the flow of funds and identify the full extent of the alleged scam.
Meanwhile, family members of the accused have denied all allegations. They maintain that Darad has been associated with the tourism business for several years and claim that he has been falsely implicated. The family has asserted that the truth will emerge after a fair investigation and has expressed concern over what they describe as a lack of clarity regarding the charges.
The interstate nature of the arrest has drawn significant attention locally. A financial scam of this magnitude has sparked widespread discussion in the region. Investigators are expected to intensify efforts to trace other accused individuals named in the FIR. Efforts are underway to establish links between financial transactions and the individuals allegedly involved in the network.
Legal experts indicate that if the allegations are substantiated, the case could rank among the major financial frauds in recent years. The Tamil Nadu CB-CID is preparing to question Darad in detail to uncover the broader network and determine how the alleged funds were collected and routed.
After being taken into custody, Gulshan Darad was escorted under tight security to Coimbatore, where he is expected to be produced before the appropriate court. The agency is likely to seek custodial remand to facilitate deeper interrogation regarding financial documents, accounts and the role of co-accused persons.
Given the scale of the alleged scam, further revelations are anticipated in the coming days. For now, all eyes remain on the investigation as authorities work to piece together the full scope of the alleged ₹9,600 crore fraud.
About the author — Suvedita Nath is a science student with a growing interest in cybercrime and digital safety. She writes on online activity, cyber threats, and technology-driven risks. Her work focuses on clarity, accuracy, and public awareness.
