Nagpur Crime Branch Freezes ₹47 Lakh, Issues LOC in ₹800 Crore Business Scam
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Nagpur, India: The Nagpur Crime Branch has intensified its probe into a massive ₹800 crore fake business scam by freezing ₹47 lakh from accounts linked to trader Anshul Mishra and issuing a Lookout Circular (LOC) to prevent his possible escape abroad.
Mishra, who is currently out on interim bail until 2 June, is suspected of playing a key role in a syndicate that operated 86 shell companies and over 100 bank accounts to carry out large-scale financial fraud, including online gaming and hawala operations.
Officials fear that Mishra may have already fled the country. The LOC was issued as a precaution to block any such attempt.
Two key accused, Bunty and Jayesh Shahu — allegedly the masterminds — have been sent to judicial custody and are being held in Nagpur Central Jail. Other suspects, including Rajesh and Avinash Shahu, are still on the run. The police are also searching for Vinod Tanna and Rizwan Shaikh alias ‘Mamu’, believed to hold crucial information regarding the scam’s financial network.
The Crime Branch, under Deputy Commissioner of Police Rahul Maknikar and Assistant Commissioner of Police Abhijeet Patil, is working in coordination with the GST department to access financial records of the companies involved. Authorities believe that the ₹47 lakh frozen so far is only a small portion of the vast amount siphoned through the racket.
Investigators are now focusing on tracing the flow of funds and identifying beneficiaries within the broader network, as efforts continue to bring all culprits to justice.
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