The special operations group (SOG) of the Rajasthan police uncovered a Rs 100-crore Ponzi investment racket led by a doctor and finance company officials, who deceived over 90 leading doctors in the state by assuring to double their investments

The SOG have arrested three accused, who were identified as Dr Ramlakhan Disania (38), his aides Amit Sharma (42) and Neha Jain (23), in the Rs 100-crore scam. Investigators said that the role of senior officials of 11 private banks, who had sanctioned the loans, is under scan and would be rounded up too.

An official told TOI that the accused told doctors to freely avail loans from banks and deposit the money into the gang’s bank accounts so that they could invest in stock markets and other companies and in return, the accused offered to pay all the monthly instalments on the loan with an additional monthly return. The official said that some of the doctors had taken loans of Rs 10 lakh and Rs 70 lakh in the hope of earning a monthly return of Rs 1 lakh. The doctors were tempted by the ‘zero loss’ scheme. They just had to take a loan and give the money to the gang in investing the same in the stock market.

Few of the doctors were also gifted expensive cars and mobile phones by Disania and his partners. Extravagant parties and conferences were organized all through the state and doctors and private bank officials were invited as guests too. The official also said that there is a clear involvement between private bank officials and finance company bosses in granting loans. They have set up special teams to track the accused.

Police said the matter came to the light when several doctors in the city alleged that scamsters had left them in the pitch to pay heavy monthly instalments.

An official investigating the case said that, in the meantime, the gang members have fled. Disania and his men ran into trouble as their investment scheme stumbled and to compensate and pay the monthly instalments, the accused added more unsuspecting doctors into the scam and kept rotating the money.