Investment Scheme Run Through Mobile Apps

According to investigators, the accused promoted the SD Pay application through social media and digital platforms, allegedly promising investors unusually high daily returns.

People were encouraged to invest amounts ranging from ₹1,000 to more than ₹5 lakh. The promised daily returns reportedly ranged from 0.15% to 0.30%, depending on the amount invested.

Multi-Level Referral System

The alleged operation also relied on a multi-level referral model to rapidly expand its network.

Investigators said participants were offered referral commissions ranging from 3% to 30% across 15 levels, encouraging existing users to bring additional investors into the scheme.

The SD Pay application reportedly crossed one million downloads on the Google Play Store.

₹634 Crore Financial Trail

Investigators found that several entities were allegedly used to collect and route the funds.

Companies including S.D. Hub (OPC) Pvt. Ltd., Shiv Dharti Communication and Upay Digi Payment India were linked to around 15 bank accounts through which approximately ₹634 crore was deposited, according to the investigation.

Police have also identified around 30 to 35 personal bank accounts allegedly connected to the accused and are examining the movement of funds through these accounts.

Six People Arrested

A Special Investigation Team has arrested six suspects in connection with the case.

They have been identified as Suryasinh Rathod, Ashish Gedia, Bhavesh Chauhan, Nishi Prasad, Sohil Makwana and Niravkumar Patel.

Investigators are continuing to examine whether additional people were involved in operating the alleged network.

83 Cyber Fraud Complaints Traced

Checks through the National Cyber Crime Reporting Portal found that 83 cyber fraud complaints registered across India were linked to 12 bank accounts allegedly connected with the network.

The discovery has widened the investigation beyond Gujarat as authorities try to establish the full geographical reach of the alleged operation.

SIT Expands Investigation

An FIR has been registered at the Amreli Cyber Crime Police Station under relevant provisions of the Bharatiya Nyaya Sanhita, the Banning of Unregulated Deposit Schemes Act, the Gujarat Protection of Interest of Depositors Act and the Information Technology Act.

The SIT is now examining additional companies, bank accounts and financial transactions to establish the complete money trail and identify any other suspects.

Conclusion

The Amreli cyber fraud case highlights the growing risks associated with online investment schemes promising unusually high returns. With approximately ₹634 crore in transactions traced and six arrests made, investigators are now focusing on the wider financial network and its alleged links to cyber fraud complaints across India.