Is a new multi-crore scam about to happen in Punjab?
Rohit Gupta
Gurdaspur, November 16. 2025 – Many such scams have happened in Punjab where innocent people were cheated in the name of investment. Indications are emerging of a similar new scam in which innocent poor rural people, farmers, and ex-servicemen are being made to invest wrongly in a company. This company is a dairy products manufacturing company, and no such company can legally collect investments. It is estimated that till now the company has taken around ₹600 crores from innocent poor people by luring them with high interest rates or in the name of FD and RD schemes. Only a single member contribution form is filled for the investor, which as per rules, is completely wrong.
It has also been learned that behind this entire matter is the mind of a person who was once a partner in a chit-fund company. In 2018, he registered a milk production company and opened three dairy product units in Punjab. According to some information, about 11 directors have registered 12 different companies, while none of these 12 are finance companies registered with the RBI.
The company, by offering huge commissions to advisors and agents, is getting people to invest money through them by showing future projects and offering higher interest rates. It is estimated that in Gurdaspur alone, around ₹30 crores have been invested in this company, and investors have no knowledge about any policy or terms of the company. One person stated that an agent from the company contacted him and said that if he invests money, with one installment being ₹10,800 annually, he will deposit around ₹54,000 in five years and receive ₹78,800 in return from the company. And if he fixes this money for six years and eight months, he will get double the amount.
According to another plan of this company, people are being offered schemes in the name of fixed deposits and pension schemes, and it is claimed that the money will be returned after the maturity period. Not only that, but the advisors are working in a chain-type system — for example, if an advisor gets someone to invest ₹10,800, they get a 10% commission, the next level gets 5%, then 4%, and so on — with a total of 17% of each installment distributed as commission among advisors and agents.
It has also been observed that amounts of ₹1 lakh, ₹2 lakh, and even ₹4 lakh are being taken in cash from people, and later the agents deposit it into the company’s account through their own accounts instead of directly transferring money from the investor’s account to the company’s account. Many such cheques have been found signed by innocent people without names written on them. A large number of transactions are also being done through UPI. As per the rules, this is a clear indication of a massive scam.
On the other hand, information has been received that a young man named Gurpreet Singh Dala has lodged a complaint about this matter with the Chief Minister, but even though the CM’s office forwarded the complaint letter to the police, no action has been taken by the police so far. More revelations about this are expected to be made very soon.