Overview

• Jugal Kishore, 57, was arrested in Shahdara on Wednesday by the Economic Offences Wing, which identified him as an authorised signatory who ran the group’s Vishwas Nagar branch.
• Investigators say the operation pitched a Dholera township under Nexa Evergreen Pvt Ltd with assured weekly payouts alongside promised plot allocations.
• Police allege recruiters used Zoom presentations that included an edited video portraying the project as the prime minister’s dream to build credibility.
• The investor app and website used to display balances were disabled on January 23, 2023, after which key operators disappeared.
• Probe findings indicate funds were funneled through company accounts to purchase land in Dholera—about 1,200 bighas acquired with roughly 168 acres traced so far—with around 150 cases registered nationwide and two associates in custody since December 2024.