Vadodara: Business losses during the Pandemic and Lockdown Covid-19 may encourage Shahid Navdekar, the mastermind of black dollars, because he wants to repay his housing loan.
The investigator said that Shahid used money sucking to pay a loan due to months while accused by Bharat Gida invested money on land.
The probe also revealed that Navdekar studied tricks to deceive people from Nigerian gang by looking at their videos online.
Crime branch officials said that Shahid, who was arrested three days ago in the case of the cheating of Rs 30 Lakh, had seen the video of the Nigerian gang racket on YouTube for months.
“During the interrogation, Shahid, a Mumbai resident, said he saw many videos from the Black Dollar scam executed by Nigerian gangs in various parts of the country.
He thought it was a good way to make money fast and therefore he decided to form a gang,” said a man Crime branch officials.
Shahid, who was in a used tire business, was related to Gida, a resident of Amreli, during the former business visit to Gujarat.
Shahid and Gida, who have a case of attacks, kidnappings and frauds register it, then make plans to deceive people and they involve two more Mahesh Vala and Imran Bhurani.
Maulik Prajapati, a businessman from Ahmedabad, touched Gida last year.
GIDA convinces Prajapati to invest money in black dollars and get fast profits.
GIDA, a former leader of the National Union National Student (NSUI), Amreli then introduced Prajapati to Shahid who posed as Inspector of Customs Ak Malhotra.
Shahid told Prajapati that he had a black dollar worth Lakh Rupee and the latter could get a big profit by selling it on the open market.
The crime branch official said Shahid and his gang took Rs 30 lakh from Prajapati but handed over the paper dipped in black in a hotel in the city when Prajapati realized that he had been cheated, he approached the branch of the crime that began an investigation.
The police arrested his fourth in a few days and they suspected that the gang must have delay more people.
“Our team has been going to Amreli to get more details about the defendant.
We will also visit Mumbai to get more details about Shahid who have a luxury car in his name,” added a crime branch official.
Kingpin took a crime to pay bank loans
