Shubman Gill set to be questioned by CID over chit fund scam

Promising Team India batter Shubman Gill is set to be summoned by the Gujarat CID crime branch in connection with a Rs 450 crore Ponzi scam. 

Gill is among four IPL franchise Gujarat Titans (GT) players to be quizzed over the matter. The other cricketers are Sai Sudharsan, Rahul Tewatia and Mohit Sharma.

As per reports, the development came following interrogation of Bhupendrasinh Zala, alleged to be the mastermind behind the scam.

It has been learnt that Zala allegedly confessed to failing to return investments made by the cricketers involved.

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As per reports, Zala is accused of orchestrating the Rs 450 crore chit-fund scheme. Moreover, he is considered the ‘kingpin’ of the operation. He allegedly opened offices in multiple districts across Gujarat, including Talod, Himmatnagar, and Vadodara. He also employed agents to gather funds from the investors.

Reports also suggest that Gujarat Titans captain Shubman Gill invested Rs 1.95 crore in the scheme, while Mohit Sharma, Rahul Tewatia, and Sai Sudharsan contributed smaller amounts. 

Since Gill is currently in Australia as part of India’s Test squad, the CID plans to summon all the players at a later date.