Bollywood actor Sonu Sood and wrestler Great Khali have been named in the BlueChip fraud case, with Sood insisting that he is innocent and is himself a victim of the scam.
Bollywood star Sonu Sood, wrestler Great Khali linked to BlueChip fraud; Sood says he is a victim.
Bollywood actor Sonu Sood and former WWE wrestler The Great Khali have been officially summoned by Indian authorities in connection with the high-profile BlueChip investment scam, which involves multimillion-dollar transactions, police confirmed on Tuesday. The summons is part of an ongoing investigation into the Dubai-based company, which has attracted significant public attention following reports of its financial collapse.
The BlueChip Group, led by owner Ravindra Nath Soni, has been under scrutiny as authorities work to determine the scale of the alleged fraud and identify all individuals potentially linked to the case. A photograph circulated from a former BlueChip employee shows Soni standing alongside Sonu Sood in Dubai, highlighting the connections between prominent figures and the investment firm.
Investigators have intensified their efforts in recent weeks, issuing summonses to several high-profile personalities, including Sood and The Great Khali, as they seek clarity on their involvement, if any, in the company’s operations. The collapse of BlueChip, which had promised substantial returns to investors, has left many individuals facing financial losses, prompting authorities to act swiftly to trace funds and hold responsible parties accountable.
The case continues to develop, with police and financial experts analyzing transactions and communications linked to the Dubai-based firm. Insider 18 was among the first to report on the company’s downfall, bringing attention to the controversy and triggering wider public and media interest.
A Special Investigation Team (SIT) comprising six members, under the leadership of Additional Deputy Commissioner of Police (ADCP) Anjali Vishwakarma, has formally issued notices summoning Bollywood actor Sonu Sood and former WWE wrestler The Great Khali. The notices require both celebrities to appear before the investigative team to provide their statements regarding the ongoing probe into the BlueChip investment scam. Authorities are seeking detailed accounts from the actors to clarify their connections, if any, to the company’s operations. This step is part of the SIT’s broader efforts to gather evidence, verify claims, and advance the investigation into the alleged financial irregularities.
Additional Deputy Commissioner of Police (ADCP) Anjali Vishwakarma confirmed that both Bollywood actor Sonu Sood and former WWE wrestler The Great Khali have been officially summoned as part of the ongoing investigation into the BlueChip investment case. “Yes, it’s true. Sonu Sood and Khali have been asked to provide their statements,” Vishwakarma stated, underscoring the seriousness with which authorities are pursuing the probe.
Sonu Sood himself confirmed that he has been contacted by law enforcement. “I will cooperate fully with the investigation. I did not make any investments with BlueChip. In fact, they still owe me money for a professional appearance, so I am also a victim in this case,” Sood explained, highlighting his position in the unfolding controversy.
Police are particularly examining BlueChip’s high-profile marketing and promotional activities, including its elaborate launch of the BlueChip Token in July 2022. The event, held at a luxury five-star hotel in Dubai, featured several notable figures as chief guests, including Sood, The Great Khali (real name Dalip Singh Rana), and former Indian cricket captain Mohammad Azharuddin. Investigators are scrutinizing these events to understand the company’s public-facing strategy, how it attracted investors, and the roles that prominent personalities may have played in promoting the company. The police aim to determine whether these endorsements contributed to investor confidence or were misrepresented in the scheme.
Kanpur Police Commissioner Raghuveer Lal Singh confirmed that notices have been issued to multiple celebrities in connection with the BlueChip investment scam, although he did not specifically name any individuals. Speaking to Indian media, Singh stated, “Several celebrities have been summoned. Soon, things will become clearer,” signaling that investigators are working to determine the exact nature of the involvement of high-profile figures in the case.
Authorities explained that the summonses are part of efforts to establish whether any celebrity formally endorsed BlueChip, had contractual agreements with the company, or possessed knowledge of its financial claims and operations. This line of inquiry is crucial to understanding whether public figures were used to lend credibility to the firm, intentionally or inadvertently, which may have influenced investor confidence.
BlueChip had marketed itself in Dubai as a reputable wealth-building platform, promising returns of 3 percent per month. With a prominent office located in Bur Dubai and the staging of awards ceremonies and high-profile events, the company projected an image of a rising financial powerhouse. The façade of legitimacy remained intact until early 2024, when payouts suddenly ceased, leaving hundreds of investors in the UAE in financial uncertainty. The company’s office was abruptly vacated, cheques issued to investors bounced, and the operation effectively disappeared overnight.
As part of the ongoing investigation, police are reviewing images and video footage connecting BlueChip Group owner Ravindra Nath Soni to public figures. Notable materials include a photograph of Soni standing alongside Bollywood actor Sonu Sood during a Dubai visit and a video captured at the Bur Dubai office showing Sood feeding Soni a piece of cake during a small celebration. Investigators are analyzing these interactions to determine whether the involvement of celebrities may have contributed to the company’s public image and, by extension, the trust placed in it by investors.
BlueChip Scam Investigation: Police Review Celebrity Links, Trace Funds Across India and Abroad
Kanpur Police have emphasised that their investigation into the BlueChip investment scam is focused on uncovering the operational and promotional strategies of the company rather than automatically implicating any high-profile individuals. Authorities clarified that while photographs and videos involving public figures are being reviewed, such materials are being analysed strictly to understand the company’s public-facing strategy and do not, in themselves, constitute evidence of wrongdoing by any celebrity.
Commissioner Raghuveer Lal Singh explained that the BlueChip Group, under the leadership of owner Ravindra Nath Soni, had meticulously cultivated a glamorous public image in Dubai. Soni reportedly used awards, high-profile events, and associations with well-known personalities to present himself as a youth icon and credible entrepreneur. “The role of any individual, if any, will be assessed only after their statements are recorded,” Singh told Indian media. This statement underscores the police’s measured approach, signalling that while celebrities such as Bollywood actor Sonu Sood and former WWE wrestler The Great Khali have been summoned for questioning, no assumptions are being made regarding their involvement.
Soni, who is currently wanted in Dubai for multiple payment defaults, was arrested on November 30 following a prolonged 18-month manhunt. Authorities traced him to a hideout in Dehradun through a seemingly routine food-delivery order for tawa roti and vegetables. His arrest marked the culmination of extensive investigative efforts spanning multiple jurisdictions. Presently, Soni is under six-day remand, during which police plan to transfer him to New Delhi and Dehradun to recover critical documents, electronic devices, and financial records linked to BlueChip’s operations.
The scale of the alleged fraud is significant. Commissioner Singh revealed that police have received more than 700 emails from investors reporting losses or seeking information regarding BlueChip. Through preliminary investigation, authorities have identified dozens of financial touchpoints associated with Soni. These include 26 bank accounts in India, eight cryptocurrency wallets, and roughly 20 companies connected to his business network, four of which are currently inactive. The vast number of accounts and financial instruments highlights the complexity of the operation and the challenges investigators face in tracing the flow of funds.
In addition to domestic connections, the probe has also revealed international links. Police have traced a US-registered firm operated by a former female employee of BlueChip, who was based in Dubai. According to Singh, the account remains active, with transactions still ongoing, raising further questions about potential financial movements outside India. Notices have been issued to the woman to appear before investigators. Insider 18 attempted to contact her for comment but did not receive a response.
Early estimates place the total financial impact of the scam at around Dh400 million, though authorities believe this figure is likely to rise as more victims come forward and additional transactions are scrutinised. A number of complainants have raised concerns regarding possible celebrity endorsements, prompting investigators to include these allegations as part of the ongoing Special Investigation Team (SIT) probe. Singh assured the public that any claims relating to celebrities will be examined thoroughly, with investigators relying on documented evidence and statements rather than speculation.
The police emphasis on tracing funds, statements, and public events indicates a multifaceted approach to understanding BlueChip’s operations. While photographs and videos showing Soni with public figures—including Sood—have circulated widely, authorities clarified that these visual materials are part of understanding the company’s promotional strategy rather than proof of complicity. The SIT is investigating whether these events, such as lavish launches and awards ceremonies, were strategically used to attract investor confidence and whether celebrities were formally contracted to endorse the platform or merely participated in promotional activities without detailed knowledge of the company’s financial dealings.
Investigators are also focusing on the mechanics of the scam itself. BlueChip reportedly operated from a Dubai office, marketing itself as a legitimate investment platform promising returns of 3 percent per month. To cultivate credibility, Soni organised high-profile events, including award ceremonies, and maintained an image of a flourishing enterprise. The company’s collapse in early 2024, marked by abandoned offices, bounced cheques, and abrupt cessation of payouts, left hundreds of investors across the UAE and beyond financially impacted. Police are examining financial records and contracts to determine the exact flow of funds and whether any public figures may have inadvertently lent legitimacy to the operation.
The ongoing investigation highlights the sophisticated tactics used by Soni to present BlueChip as a credible and appealing investment opportunity. By surrounding himself with celebrities and hosting high-profile events, he was able to create the perception of a legitimate, thriving enterprise. Authorities are meticulously analyzing financial records, photographs, videos, and electronic communications to build a detailed picture of the company’s operations and to identify any actors who may have been complicit or misled.
Meanwhile, the summonses issued to celebrities such as Sood and The Great Khali have generated widespread media attention. Both have confirmed their willingness to cooperate with the authorities, with Sood reiterating that he did not invest in BlueChip and is, in fact, among the victims awaiting payment for professional appearances. Authorities have stressed that the statements of all individuals, celebrity or otherwise, will be recorded and assessed carefully to determine the extent of their knowledge or involvement, if any.
The SIT’s efforts are also aimed at international cooperation, given the company’s Dubai base and cross-border financial transactions. Tracking cryptocurrency wallets, overseas bank accounts, and active international companies forms a crucial part of the investigation. By piecing together this complex web of financial activity, authorities hope to provide restitution to investors and prevent similar schemes in the future.
As the investigation continues, the focus remains on establishing factual accountability rather than assigning blame based solely on association. Commissioner Singh reiterated that police are committed to a transparent, evidence-based approach. With hundreds of emails from investors, dozens of bank accounts, active cryptocurrency wallets, and ongoing overseas transactions, the BlueChip case has emerged as one of the largest investment scams involving both domestic and international financial networks, underscoring the importance of thorough investigation and due process.
