Major Crackdown on Fraudulent Advisory Centers in Madhya Pradesh

In a significant operation, Madhya Pradesh police have arrested 120 individuals linked to fraudulent advisory centers that lured unqualified youth with promises of high salaries. The police discovered that these centers were scamming people by offering investment opportunities through demat accounts, only to later show losses and steal their money. The investigation revealed a complex web of deceit, with the masterminds behind the operation now in custody. This article explores the details of the police's crackdown and the shocking revelations that emerged during the investigation.

By Narendra Chaudhary Apr 17, 2026, 09:34 IST

Police Uncover 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 by a fraudulent company. The shocking details behind this operation have left many astonished.

A startling incident has emerged from Madhya Pradesh, where it was discovered that underqualified individuals were being lured with high salaries. Upon learning about this, police officials swiftly arrived at the scene, uncovering a fake advisory center that was deceiving people. During the investigation, it was revealed that the individuals working at these centers received a commission of 10 rupees for every transaction they facilitated. Let's delve into the complete story.

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, leading to the detention of 120 individuals. These centers were allegedly scamming people by promising lucrative investments through demat accounts. Four fake advisory call centers were identified 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 later show losses in their 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 millions of rupees. The police's IT cell is currently scrutinizing records of the fraud.