Deputy Inspector General of Police (CID-Crime) Parikshita Rathod stated that Zala used his company, BZ Financial Services, to lure investors with promises of high returns. Zala had been evading authorities for nearly a month before his arrest on December 27 in Mehsana district. He remains in custody until January 4.
Investigations reveal that Zala acquired assets worth Rs 100 crore, including both movable and immovable properties, but failed to fulfill his commitments to investors. Seven other individuals have been arrested in connection with the case. The CID claims that Zala promised annual returns of 36%, attracting significant investments.
CID officials emphasized the importance of the players’ cooperation in the ongoing probe. Further developments are anticipated as the investigation unfolds.