Rajasthan Police Capture Key Figure in ₹12.69 Crore Fraud Scheme

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Rajasthan Police Capture Key Figure in ₹12.69 Crore Fraud Scheme

Synopsis

In a remarkable turn of events, Rajasthan's Dholpur Police have arrested Amit Gautam, the suspected mastermind of a ₹12.69 crore fraud, following a six-year manhunt. This arrest marks a significant achievement in the fight against financial crime.

Key Takeaways

Amit Gautam arrested after 6 years of evasion.
Accused of defrauding over 200 victims of ₹12.69 crore .
Operated fraudulent schemes across multiple cities.
Arrest involved extensive surveillance and intelligence work.
Faces serious legal consequences with numerous ongoing investigations.

Jaipur, April 9 (NationPress) In a significant development, the Dholpur Police successfully apprehended Amit Gautam, the alleged architect of a massive fraud scheme worth Rs 12.69 crore, who had been evading law enforcement for six years and was under a bounty of Rs 43,000.

The accused is suspected of defrauding over 200 victims out of substantial sums. The Enforcement Directorate had also been on his trail.

Amit Gautam, son of Subhash Gautam and a local from Shastri Nagar, Dholpur, had been eluding capture after establishing an extensive fraudulent network across Dholpur, Jaipur, and Udaipur.

His arrest took place in Lajpat Nagar, Delhi.

A reward totaling Rs 40,000 was announced by the Inspector General of the Bharatpur Range, alongside an additional Rs 3,000 from the Jaipur West Police. The operation was executed under the leadership of IG Kailash Chand Bishnoi, with Dholpur SP Vikas Sangwan overseeing the operation, following directives from the Police Headquarters.

A specialized team was formed under the supervision of Additional SP Vaibhav Sharma and Circle Officer Krishnaraj Jangid.

This team included Nihalganj SHO Amit Sharma, SI Harendra Singh, Cyber Cell In-charge Narendra Singh, among other personnel. Gautam, who holds an M.Pharm degree from Udaipur, exploited his academic credentials to establish trust within the medical community.

With his accomplice Arun Agarwal, he created seven fictitious companies, such as Vaibhav Enterprises and Rootwise Logistics. To project an image of affluence, he showcased luxury vehicles, high-end watches, and premium smartphones. His primary targets were doctors, engineers, and influential businessmen.

He enticed victims with guarantees of doubling their investments swiftly, often under the guise of lucrative land deals.

When victims were short on funds, Gautam would accompany them to banks to secure substantial loans, sometimes visiting multiple branches simultaneously to facilitate their investments.

For six months, the Dholpur Cyber Cell monitored Gautam's movements across Jaipur, Udaipur, and Delhi. Constable Harvendra Singh played a crucial role in intelligence gathering and surveillance. The accused had been hiding in Delhi, where he operated a medical store and a diagnostic laboratory.

To confirm his identity, police employed a covert strategy, posing as patients and even submitting blood samples at the lab. Despite wearing a doctor's coat and a face mask to conceal his appearance, Gautam was ultimately recognized and apprehended in Block C, Lajpat Nagar.

Gautam has approximately 20 serious cases registered against him across Rajasthan. These include nearly 15 multi-crore fraud cases at the Chitrakoot and Mansarovar police stations in Jaipur, two significant cases involving Rs 6.57 crore and Rs 62.50 lakh at the Bhupalpura police station in Udaipur, as well as several cases at the Nihalganj police station in Dholpur.

The Enforcement Directorate in Jaipur has also launched a case against him and is actively pursuing the investigation.

The arresting team comprised SHO Amit Sharma, SI Harendra Singh, Head Constable Narendra Singh, Constable Harvendra Singh (who played a pivotal role), Constable Dinesh, and Constable Nilendra.

Point of View

Particularly the Dholpur Police and the Enforcement Directorate, demonstrates a commitment to justice and accountability. Victims of such crimes deserve closure, and this case serves as a reminder of the importance of vigilance in financial dealings.
NationPress
2 May 2026

Frequently Asked Questions

What was the nature of the fraud?
Gautam duped over 200 individuals by promising to double their investments, primarily targeting professionals like doctors and engineers.
How did the police track him down?
The Dholpur Cyber Cell conducted extensive surveillance over six months, tracking his movements across multiple cities.
What actions did Gautam take to deceive his victims?
He created fake companies, flaunted wealth, and helped victims secure loans to invest in non-existent deals.
What are the further legal implications for Gautam?
Gautam faces around 20 serious cases of fraud, with investigations by the Enforcement Directorate also underway.
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