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11K duped of ₹422 crore in BZ scam, Gujarat warns action against accused

The Morning Standard

|

March 25, 2025

The Gujarat government admitted in the Assembly on Monday that 11,183 people were duped of a staggering ₹422 crore in the massive BZ investment scam.

- Dilip Singh Kshatriya

The case rocked the state and led to a 22,000-page charge sheet filed at the Ahmedabad Rural Court against seven arrested accused. The CID Crime later submitted a supplementary charge sheet, implicating the scam mastermind, Bhupendrasinh Jhala, CEO of BZ Group, in the fraud.

Responding to Congress MLA Jignesh Mevani's query, the government revealed that 16 individuals had been charged with crimes as of January 31.

PLUS D'HISTOIRES DE The Morning Standard

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Neighbourhood instability often spills into maritime domain, says Rajnath

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Bareilly cleric's aides arrested

POLICE action continues in Bareilly following last week's violence, triggered after the \"I love Muhammad\" protest, with 34 arrests made so far, including close aides of Ittehad-e-Millat Council (IMC) chief Maulana Tauqeer Raza, who has been named the main accused. Nadeem, a key associate of Raza, was arrested in Katra in Shahjahanpur. The Internet ban in Bareilly has been extended till September 30.

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Proposal to amend Factories Act 1948 to extend daily working hours okayed

THE state government on Monday extended the maximum daily work hours for all categories of commercial establishments from existing nine to 10 while allowing women employees to work night shifts and enhancing overtime wages for the workers.

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41K displaced, 65L acres of crops damaged in Maha

MORE than 41,000 people were displaced and crops over 65 lakh acres of land were damaged amid the torrential rains across Maharashtra.

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Expert panel formed to finalise city's logo

FOR the first time, the government is creating an official logo for the National Capital Territory.

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