India international cricketer Shubman Gill is reportedly among four Gujarat Titans players expected to be summoned by the Gujarat CID crime branch in connection with a Rs 450 crore ponzi scam that the cricketers separately invested in.
In addition to Gill, the other cricketers are Sai Sudharsan, Rahul Tewatia and Mohit Sharma.
Per Ahmedabad Mirror, the development follows the interrogation of Bhupendrasinh Zala, the alleged mastermind behind the ponzi scheme. Zala reportedly admitted during questioning that he had failed to return the investments made by the cricketers involved.
According to the Mirror, Gill, who captained Gujarat Titans in the 2024 IPL, invested Rs 1.95 crore in the scheme, while Mohit Sharma, Tewatia and Sudharsan made smaller contributions.
Since Gill is currently part of India’s Test squad in Australia, the CID reportedly plans to summon all the players at a later date.
Zala, who has been accused of orchestrating the Rs 450 crore chit-fund scam, is widely regarded as the “kingpin” of the ponzi operation. He opened offices in several districts across Gujarat, including Talod, Himmatnagar and Vadodara, and enlisted agents to gather funds from investors.
Zala used his company, BZ Financial Services, to collect money from investors by promising them high returns. Zala was on the run for nearly a month before being arrested in Mehsana district on December 27. He is currently in custody until January 4.
