SIT Intensifies Asset Scrutiny of Ponzi Kingpin Ravindra Soni in Rs1,500 Crore Scam
The Special Investigation Team (SIT) has significantly intensified its scrutiny of the assets belonging to Ponzi-scheme kingpin Ravindra Soni. Soni is accused of orchestrating a massive financial fraud, allegedly duping more than 700 investors of approximately Rs1,500 crore. The fraudulent scheme promised unsustainably high returns through purported investments in blue-chip companies.
Properties Worth Rs19 Crore Identified for Attachment
The SIT has completed a crucial phase of its investigation by verifying 14 properties with a total estimated value of around Rs19 crore. These assets were purchased in the name of Soni's first wife, Shweta. Investigators have confirmed that these properties are now set to be formally linked with the registered cases against Soni. Following this linkage, official attachment proceedings will be initiated shortly to seize these assets.
Pattern of Fraudulent Property Acquisitions Uncovered
According to detailed findings from the investigation, the properties in question were acquired or had builder agreements executed between the years 2021 and 2025. The primary locations for these transactions were Gurugram and Greater Noida. The investigation revealed a complex pattern:
- In some instances, agreements were later cancelled, and the invested funds were returned to specific accounts.
- In other cases, the properties remained solely at the agreement stage without full completion.
The SIT has asserted that all these purchases were financed using money collected through fraudulent means from the Ponzi scheme. This money trail is a critical component of the ongoing probe.
Wide Network of Assets Traced Across Multiple Locations
During the extensive probe, assets worth several crores of rupees have also been traced to various high-value locations. These include properties and holdings in Dubai, Delhi, and additional sites in Gurugram. A significant discovery is that most of these identified properties were registered under the names of Soni's spouses.
- First Wife Shweta: Properties in her name, including the 14 verified worth Rs19 crore, are now under direct scrutiny.
- Second Wife Monika: Assets registered in her name are also being investigated. Verification of properties purchased in Dehradun under Monika's name is currently still underway.
Official Statements and Next Steps in the Investigation
ACP Kotwali Ashutosh Kumar Singh provided an official update on the case. He confirmed that the verification report for the identified properties has been received by the authorities. The next procedural step involves formally linking these properties to the registered criminal cases against Ravindra Soni.
"Once the properties are officially linked to the case, we will promptly initiate the attachment proceedings as per the law," stated ACP Singh. This move is aimed at recovering the defrauded funds for the benefit of the aggrieved investors.
The SIT's intensified efforts mark a significant escalation in the legal and financial pursuit of justice in one of the region's most substantial Ponzi scheme scandals, highlighting a determined crackdown on white-collar financial crimes.
