Indian police have issued a warning to BlueChip victims about new fraud attempts, where scammers pose as lawyers, promising legal help while secretly trying to steal more money from victims.
Police in India warn BlueChip victims of fresh scams involving fake lawyers
Indian authorities have cautioned those affected by the BlueChip investment fraud to remain highly vigilant after detecting new attempts by impostors posing as lawyers and recovery agents to take advantage of investors eager to reclaim their losses.
In an interview with Khaleej Times, Anjali Vishwakarma, Additional Deputy Commissioner of Police and head of the Special Investigation Team (SIT) investigating the large-scale scam, said several individuals in India with questionable backgrounds are contacting victims. These individuals claim they can expedite refunds or obtain court-backed recoveries in return for advance fees.
“These people are not authorised to act on behalf of the police or the judiciary,” Vishwakarma said, adding that some even use staged photographs with senior police officials to falsely project credibility. She warned victims not to pay anyone who promises to recover their money.
According to Vishwakarma, the SIT has already identified instances where BlueChip victims were misled into making payments after being assured access to seized funds or insider information on the case. She urged investors to confirm credentials directly with law enforcement and to be wary of anyone offering quick or guaranteed solutions.
The alert echoes an earlier wave of deception in which BlueChip investors were targeted by fraudsters pretending to be officials from Interpol, the CID and the Dubai Courts. In that case, victims were lured into staged meetings, shown forged legal papers and persuaded to pay more than Dh3 million after being assured that their refunds were about to be released.
Vishwakarma said the new impersonation attempts appear to be exploiting the rise in complaints filed in India and the UAE following the arrest of BlueChip founder Ravindra Nath Soni.
Soni, who is also wanted in Dubai over cheque-related cases and investor grievances, was arrested on November 30 after police traced a food-delivery order to his hideout in Dehradun. He is currently in remand and facing custodial questioning.
Investigators said that during interrogation, Soni tried to play down his role, claiming he ran a small kachodi stall to support his family — an assertion authorities and victims have dismissed as misleading.
Notices Served
Kanpur Police have revealed that the Special Investigation Team (SIT) has identified several properties and financial holdings in both India and the UAE that are suspected to be linked to the BlueChip investment fraud. These findings form part of the broader effort to trace the flow of funds and determine how investor money was moved or concealed across borders.
As the investigation continues, law enforcement authorities have also issued formal notices to a number of individuals associated with the promotion of BlueChip. Among those contacted are well-known public figures, including Bollywood actor Sonu Sood and professional wrestler The Great Khali. Police clarified that these notices are routine in nature and are intended to gather information about the company’s marketing and public outreach activities. Officials stressed that receiving such a notice does not suggest criminal involvement or liability.
Investigators explained that understanding how BlueChip projected its image to the public is an important part of establishing the full scope of the alleged fraud. The SIT is examining promotional campaigns, endorsements and public appearances to assess how investor confidence was built and maintained.
Additional Deputy Commissioner of Police Anjali Vishwakarma once again urged investors in India and the UAE to remain extremely cautious, warning that many victims are being targeted for a second time. She advised people not to trust anyone promising swift refunds or guaranteed recoveries, particularly if they demand upfront payments or confidential details.
“Victims should not send money, sign paperwork or share personal or financial information without first confirming directly with the police,” she said, adding that authorities have received multiple reports of investors being contacted by unauthorised individuals claiming to offer assistance.
Vishwakarma emphasised that the investigation is ongoing and that legitimate recovery efforts can only take place through official legal channels. She encouraged those affected by the scam to stay alert, verify credentials carefully and report any suspicious approaches immediately, noting that vigilance is crucial to preventing further losses.
