Zirakpur bizman, kin booked for ₹6-crore investment fraud

Zirakpur police booked businessman Bharat Bhushan alias Bharat Phutela, his father Prem Kumar, brother Sanjeev Kumar and others linked to KC Consultancy, Ricotta Agro Industries, Virk Enterprises, Rox Capitals and Pratap Sales Corporation for allegedly cheating five investors of ₹6 crore.

The accused lured investors with promises of up to 24% annual returns, initially paid small returns to gain confidence, then collected larger amounts and allegedly absconded.

Police said Bharat Bhushan allegedly absconded around November 22, 2025, and a missing person report filed at Sirsa police station a day later was intended to divert the investigation.

Investor losses: Sanjeev Gupta ₹2.7 crore, Ramesh Kumar ₹1.5 crore, Harshil Arora ₹69.5 lakh after receiving ₹13.5 lakh back, Neeraj Kumar ₹45 lakh, and retired Assembly secretary Rajender Kumar Nandal ₹30 lakh after investing ₹40 lakh and receiving ₹10 lakh.

The case was registered under Sections 406 and 420 of the Indian Penal Code (IPC) and is being investigated by Sub-inspector Jaswant Singh.