Adityaraj Capital ponzi scheme case transferred to CID by Belagavi police

The Belagavi police have officially handed over the investigation into the Adityaraj Capital ponzi scheme to the Criminal Investigation Department (CID). This decision follows a determination by the local police commissioner that the scope of the financial fraud has grown significantly. Authorities confirmed that the total amount of money involved in the illicit investment operations managed by the firm now exceeds ₹50 crore. By transferring the case to the state-level agency, officials aim to conduct a more comprehensive probe into the complex financial crimes. The move signals an escalation in the legal response to the company's deceptive business practices.

The transfer to the CID indicates the increasing scale and severity of the financial fraud, which necessitates specialized state-level resources to track the misappropriated funds and secure justice for the victims.