Losing Rs. 27 crore gambling, reputable businessman plays victim of invented cyber fraud in TN government tender
In a shocking turn of events, the scion of one of Gujarat’s most reputable business houses has been arrested by the police for gambling.
Vishal Gala, linked to Navneet Prakashan, Gujarat’s leading textbook printer for generations and MD of BSE-listed Gala Print City Limited, had filed a complaint with the Cybercrime Department of Ahmedabad Police for being duped out of Rs. 26.78 crores by a fraudster.
Vishal gala, who is on the board of half a dozen companies linked to Gala Publishers and Navneet Prakashan, has claimed a fraudster approached him with the promise of getting the tender of the Tamil Nadu Textbooks Corporation for the printing of textbooks. Considering it to be the biggest cyber crime in the state, the businessman said the scammer took away Rs 26 crore in the name of advances and payments and later disappeared.
Vishal gala, in his complaint to the Cyber Crime Cell police station, said that he learned about the fraud by suspecting something wrong. They inquired with the Tamil Nadu Textbooks and Educational Services Corporation about the tender. The company denied initiating or assigning such a print order to its company
It is now revealed that Vishal Gala made up a story to hide the fact that he himself lost Rs. 27 crores on online gambling site India24bet.com. Police traced the location of a phone number in Bangalore and caught a person named Karan Singh Rawat. Karan Singh has revealed that Vishal Gala bet on online betting out of his own free will. After checking the win and loss entries, the police arrested Vishal Gala for gambling.
Also read: Fraudster Tricks Gala Print City’s MD; Disappears with ₹27 Crores