In a significant development from Rajkot, a 55-year-old automobile trader has approached the authorities with a serious complaint of financial fraud. The individual has filed a formal report at the A Division police station, alleging a substantial loss of Rs 28.5 lakh due to deceptive practices by four persons connected to Diesel Auto Corporation.
Details of the Alleged Investment Scam
The complainant, identified as Nimesh Rughani, provided a detailed account to the police. According to his statement, in the year 2024, he was approached by Mahendra Mehta, who is described as one of the owners of Diesel Auto Corporation. Mehta reportedly introduced an investment scheme that was marketed specifically to friends and relatives, promising exceptionally high returns.
Assurances and Investments Made
Rughani stated that Mahendra Mehta assured him of returns reaching up to 12% within a short period of just nine months. Persuaded by these assurances, Rughani decided to invest a total of Rs 32 lakh across two separate schemes under this arrangement.
Initially, the scheme seemed to work as promised, with Rughani receiving Rs 3.5 lakh as returns on his investment. However, the situation took a turn for the worse when the remaining amount of Rs 28.5 lakh was neither repaid nor adequately explained by the accused parties.
Police Action and FIR Registration
Following the failure to recover his funds, Nimesh Rughani escalated the matter by filing an official complaint with the A Division police station in Rajkot. Based on his allegations, the police have registered a First Information Report (FIR) under specific sections of the Bharatiya Nyaya Sanhita (BNS).
The FIR has been lodged against four individuals: Mahendra Mehta, Hitesh Mehta, Naman Mehta, and another person identified as Champak. The charges invoked include Sections 318(5) and 54 of the BNS, which pertain to cheating and related offenses.
Connection to Diesel Auto Corporation
Police officials conducting a preliminary inquiry have revealed that all the accused are associated with Diesel Auto Corporation. This business operates as an automobile enterprise located on the busy Rajkot–Ahmedabad Highway. The investigation is ongoing to uncover further details about the scheme and the involvement of the accused.
This case highlights the risks associated with high-return investment promises and underscores the importance of due diligence. Authorities are urging the public to exercise caution and verify the credentials of individuals and companies before committing substantial funds to any investment opportunity.
