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Vikram Singh
New Delhi, Delhi, India·3/10/2026

Ponzi scheme 'GrowFast Investments' — lost ₹5,00,000, promoters absconding

Invested ₹5,00,000 in GrowFast Investments promising 5% monthly returns. First 3 months received returns. Then payments stopped. Office in Connaught Place shut down. Promoters Rajesh Gupta and Sunil Verma absconding. Around 500 investors affected, estimated ₹15 crore collected.
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Step 1
File FIR at Economic Offences Wing (EOW) Delhi Police — this is a cognizable offense under IPC Section 420.
Step 2
File complaint with SEBI at scores.gov.in — unregistered collective investment schemes are illegal.
Report to RBI — collecting deposits without license violates
Contact Enforcement Directorate at enforcementdirectorate.go

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Comments (6)

Deepika Joshi3/10/2026

Consumer courts are the way to go. I won a similar case last year.

Sneha Reddy3/11/2026

I work in this industry and I can tell you this is common practice unfortunately.

Rahul Sharma3/11/2026

I had a worse experience with the same company. They don't care about consumers.

Sneha Reddy3/11/2026

I'm a lawyer and I can confirm this violates consumer protection laws.

Mia Anderson3/12/2026

The AI solution here is actually helpful. Going to try step 2 today.

Amit Patel3/13/2026

I'm a lawyer and I can confirm this violates consumer protection laws.