Indian cricketer Shubman Gill, along with his Gujarat Titans teammates Sai Sudharsan, Rahul Tewatia, and Mohit Sharma, is expected to be questioned by the Gujarat police about a ₹450 crore Ponzi scam.

Indian cricketer Shubman Gill, along with his Gujarat Titans teammates Sai Sudharsan, Rahul Tewatia, and Mohit Sharma, is likely to be questioned by the Gujarat police about a ₹450 crore Ponzi scam. The investigation began after Bhupendrasinh Zala, the man accused of running the scam, admitted his involvement during questioning.

Zala reportedly admitted that he couldn't return the investments made by the cricketers, with Shubman Gill said to have invested ₹1.95 crore in the scheme. His involvement, along with the other players, was discovered during the investigation into the ₹450 crore chit-fund scam.

How did Zala's scheme work?

Bhupendrasinh Zala ran the Ponzi scheme through his company, BZ Financial Services, and operated in several districts of Gujarat, including Talod, Himmatnagar, and Vadodara. He used agents to get people to invest money and raised a large sum of ₹6,000 crore through ICICI and IFC banks. However, despite collecting so much money, Zala is accused of not fulfilling his promises to the investors.

The CID investigation revealed that Zala used ₹100 crore to buy assets but failed to deliver the promised high returns to his investors. Seven people connected to the case have been arrested. Zala, who had been on the run for weeks, was caught on December 27 and is in custody until January 4.

Shubman Gill is currently with India's Test team in Australia, but all the players involved will likely be questioned by the CID in the coming weeks. The authorities have asked the cricketers to cooperate with the investigation.