Major Crackdown on Fake Advisory Centers in Madhya Pradesh

In a significant operation, Madhya Pradesh police have arrested 120 individuals linked to fraudulent advisory centers that were luring less educated youth with promises of high salaries. The centers were found to be deceiving clients through demat accounts, leading to substantial financial losses. The police's swift action has uncovered a network of scams, with several arrests made and ongoing investigations into the financial transactions involved. This incident highlights the alarming rise of fraudulent schemes targeting vulnerable populations. Read on to discover the full details of this shocking case.

By Narendra Chaudhary Apr 6, 2026, 19:28 IST

Police Uncovers Fraudulent Operations

The Madhya Pradesh police have achieved a significant breakthrough by apprehending 120 individuals, primarily young men and women with limited education, who were being offered salaries of 10 lakh rupees or more. The shocking reason behind this has left many astonished.

A startling incident has emerged from Madhya Pradesh, where companies were reportedly paying substantial salaries to less educated individuals. Upon learning of this, police officials rushed to the scene, discovering a fraudulent advisory center that was deceiving people. During the investigation, the police detained 120 individuals on-site. It was revealed that those working at these fake centers received a commission of 10 rupees for every transaction they processed. Let's delve into the details of this case.

The police have taken decisive action against a gang operating fraudulent advisory centers. On Wednesday, the crime branch conducted raids at four different locations in the city, resulting in the detention of 120 individuals. Allegations suggest that these centers were luring people with promises of investment returns through demat accounts, ultimately defrauding them. Four fake advisory call centers were uncovered in the Madhav Nagar and Neelganga police station areas of Ujjain. The crime branch's investigation revealed that these centers enticed individuals with the prospect of high profits, only to show losses in their demat accounts and siphon off their money.

Employees at these fraudulent centers earned a commission of 10 rupees for each transaction. Their primary targets were individuals residing outside the state. A significant number of mobile phones, laptops, and customer lists were seized from the centers. The masterminds behind this operation, Ajay Pawar and Shashi Malviya, have been arrested, while Chandan Bhadauria and Vinay Rathore remain at large. Preliminary investigations have uncovered transactions amounting to crores of rupees. The police's IT cell is currently reviewing records of the fraud.