Delhi Police Arrest KeIndia_5b3bb3.jpgy Accused In Rs 27 Billion Dholera Scam

23 Sep 2025 CW Team

Police stated that the accused used a doctored video appearing to show Prime Minister Narendra Modi endorsing the project as his “dream”. Kishore, 57, was arrested in Shahdara, Delhi, and represented Nexa Evergreen Private Limited, claiming it had a project in Dholera.

“A joint complaint was filed in 2023 by Neha Kumari of Karawal Nagar and 97 others against Nexa Evergreen Pvt Ltd and its officials. The accused, including Kishore and Vinod Kumar, assured investors of weekly returns and plots in Dholera,” said Additional CP (EOW) Amrutha Gugoloth.

Victims were shown presentations via Zoom, including doctored videos of the PM, and promised a 3 per cent monthly return along with plots, Royal Enfield motorcycles, laptops, and mobile phones on reaching milestones. Investors tracked returns through an app, which stopped functioning on 23 January 2023, and the company website went offline.

The accused, including chief manager Ranveer Singh Bijarania, absconded, with similar complaints registered in Sikar (Rajasthan) and Gwalior (Madhya Pradesh). Investigations indicate a Ponzi scheme, where older investors were paid using funds from newer investors.

The group, headquartered in Ahmedabad, operated under Nexa Evergreen Pvt Ltd and related entities. Jugal Kishore and Vinod Kumar managed the Shahdara branch. Funds collected were largely used to purchase land worth over Rs 20 billion in Dholera, with about 168 acres verified so far.

Police noted Kishore, a Class 5 dropout, previously worked as a part-time priest and property dealer. He later opened an office in Vishwas Nagar to collect funds, becoming an authorised signatory for the accounts receiving investor money. At the time of arrest, he was living with relatives.

The Economic Offences Wing (EOW) of Delhi Police has arrested Jugal Kishore, a central figure in an alleged scam that duped around 150 investors into a purported project in Dholera Smart City, Gujarat, promising extraordinary returns. The estimated fraud amounts to Rs 27 billion.Police stated that the accused used a doctored video appearing to show Prime Minister Narendra Modi endorsing the project as his “dream”. Kishore, 57, was arrested in Shahdara, Delhi, and represented Nexa Evergreen Private Limited, claiming it had a project in Dholera.“A joint complaint was filed in 2023 by Neha Kumari of Karawal Nagar and 97 others against Nexa Evergreen Pvt Ltd and its officials. The accused, including Kishore and Vinod Kumar, assured investors of weekly returns and plots in Dholera,” said Additional CP (EOW) Amrutha Gugoloth.Victims were shown presentations via Zoom, including doctored videos of the PM, and promised a 3 per cent monthly return along with plots, Royal Enfield motorcycles, laptops, and mobile phones on reaching milestones. Investors tracked returns through an app, which stopped functioning on 23 January 2023, and the company website went offline.The accused, including chief manager Ranveer Singh Bijarania, absconded, with similar complaints registered in Sikar (Rajasthan) and Gwalior (Madhya Pradesh). Investigations indicate a Ponzi scheme, where older investors were paid using funds from newer investors.The group, headquartered in Ahmedabad, operated under Nexa Evergreen Pvt Ltd and related entities. Jugal Kishore and Vinod Kumar managed the Shahdara branch. Funds collected were largely used to purchase land worth over Rs 20 billion in Dholera, with about 168 acres verified so far.Police noted Kishore, a Class 5 dropout, previously worked as a part-time priest and property dealer. He later opened an office in Vishwas Nagar to collect funds, becoming an authorised signatory for the accounts receiving investor money. At the time of arrest, he was living with relatives.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..