Rs 970cr Ponzi scam: 'Blue Chip' kingpin from UP cons Dubai royals of millions; duped Japanese too, sent wife to return money

Kanpur's Ponzi kingpin Ravindranath Soni allegedly defrauded a Dubai royal family member of millions of dirhams. Soni, who ran a Rs 970-crore scheme, initially paid dividends to gain trust before a massive fraud was revealed upon his arrest.

PNSPNS
Dec 15, 2025 - 16:36
 0
Rs 970cr Ponzi scam: 'Blue Chip' kingpin from UP cons Dubai royals of millions; duped Japanese too, sent wife to return money
Kanpur's Ponzi kingpin Ravindranath Soni allegedly defrauded a Dubai royal family member of millions of dirhams. Soni, who ran a Rs 970-crore scheme, initially paid dividends to gain trust before a massive fraud was revealed upon his arrest.

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