The Economic Offences Wing of Delhi Police on Wednesday arrested a man for duping gullible devotees of Guru Ji on the pretext of giving high returns on investment.
According to Delhi police, the accused and his aides tried to convince the devotees of Guruji, who used to attend Satsang at Bade Mandir, Chhatarpur to make investments in various schemes in Dubai.
đ¸Delhi Police's @EOWDelhi has arrested an accused for duping gullible devotees of GURU JI on the pretext of giving high returns on investment
đ¸The accused & his associates convinced the victims who all used to attend Satsang at Bade Mandir, Chhatarpur to make investments in⌠pic.twitter.com/x2rtQs5tny---Advertisement---— Delhi Police (@DelhiPolice) May 14, 2025
The accused put a rosy picture before the victims of splendid returns. He collected Rs nine crores from the victims in multiple tranches. He did not provide any paper or documents related to the investments to the victims.
Upon receiving complaints, the police arrested the accused from Subhash Nagar, New Delhi.
Between September 2017 and September 2020, they collected around Rs 9 crore from the victims in multiple instalments.
The investigation, which included examination of victims and scrutiny of bank transactions, confirmed partial monetary trails linking Wadhwa to the fraudulent activities. He reportedly invested part of the funds in cryptocurrency, while the rest was used for personal luxury and expenses.
Police also revealed that Wadhwa is a 12th-pass individual with a history of similar offences. Prior to this case, he had been arrested for duping investors using the same modus operandi.
EOW officials stated that the investigation is ongoing, and efforts are underway to trace his associates and recover the funds.
