ED Arrests Two Accused in ₹300 Crore Digital Investment Fraud Targeting Investors in Gujarat and Maharashtra
The Enforcement Directorate has arrested two accused for allegedly cheating investors of nearly ₹300 crore through fraudulent digital investment schemes.
Pune | March 14, 2026: The Enforcement Directorate (ED) has arrested two individuals in connection with a massive digital investment fraud case in which investors from Gujarat and Maharashtra were allegedly cheated of nearly ₹300 crore. The accused have been identified as Sudhir Kotadiya from Amreli and his cousin Umang Kotadiya. According to officials, the accused allegedly operated fraudulent digital investment schemes that promised unusually high returns to lure unsuspecting investors. By promoting these schemes through various channels, they reportedly managed to attract a large number of people who invested substantial amounts of money, expecting quick profits.
Investigators said the suspects allegedly diverted and misused the funds collected from investors, leading to large-scale financial losses. The case came under the scanner of the Enforcement Directorate after financial irregularities and suspicious transactions were detected during preliminary inquiries.Following their arrest, both accused were produced before a court, which remanded them to ED custody until March 20. Officials said the custodial interrogation will help investigators trace the flow of funds and identify the network of individuals or entities that may have assisted in the operation of the alleged fraud.
Sources indicated that the agency is also examining bank accounts, digital payment records, and other financial documents to uncover the complete money trail. Authorities suspect that the scam may involve multiple layers of transactions aimed at concealing the origin and movement of the funds. The ED is continuing its investigation to determine the full extent of the fraud and identify other possible victims and accomplices. Officials have urged investors to remain cautious and verify the legitimacy of digital investment schemes before committing funds.
Follow us On Our Social media Handles :
Instagram
Youtube
Facebook
Twitter
Also Read- Pune
