Lucknow: Under Operation Cy-Vajra, Indira Nagar police busted a bogus investment racket operating under the name ‘BG Wealth’, which allegedly lured people with promises of doubling their money in just 55 days.Two individuals involved in running the fraudulent scheme have been arrested.According to police, the case came to light after Lakshmi Pandey, a resident of Kamta, lodged a complaint on the National Cyber Crime Reporting Portal (NCRP).She alleged that her husband was induced to invest Rs 1.5 lakh by the two accused, identified as Deepak Tiwari and Manoj Kumar, who assured him that the investment would double within 55 days.When her husband sought to withdraw the money, the accused allegedly demanded an additional 12% tax and collected another Rs 21,420. However, despite receiving a total of Rs 1.71 lakh, they neither released the investment amount nor paid the promised returns.The complainant further alleged that the accused threatened the family when they demanded a refund.Police investigation revealed that the duo allegedly operated a multi-level investment scam through WhatsApp.They reportedly used investment codes, promotional messages, seminars and glossy pamphlets to attract investors and build credibility before refusing withdrawal requests.Police said Rs 1.5 lakh has been seized from the accused’s accounts, and further investigation is underway.
