₹3.27 Cr franchise scam: YouTuber Sawlani operating bogus Global Enterprises dupes 29 Hyderabad victims
Pradeep Kumar said he was introduced to Savlani through YouTube videos, where the latter projected himself as the founder of Global Enterprises and Rising Global Foundation.
By Newsmeter Network
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Hyderabad: Central Crime Station (CCS) has registered a case after a man operating bogus `Global Enterprises’ and `Rising Global Foundation’ duped 29 victims of Rs 3.27 crore through fake franchise investment schemes.
How the fraud came to light
The case came to fore when T. Pradeep Kumar, a resident of Jawaharnagar in Yapral, lodged a complaint. He stated that he came into contact with the accused, Tushar Kumar Savlani, during an expo exhibition held at HITEX in Cyberabad.
Pradeep Kumar said he was introduced to Sawlani through YouTube videos, where the latter projected himself as the founder of Global Enterprises and Rising Global Foundation.
Sawlani allegedly claimed to run a lucrative “Beverages and Global Kitchen” business and convinced investors that the venture offered attractive returns.
Investment schemes promised
According to the complaint, Sawlani showcased brochures at his Hyderabad office and promoted multiple franchise models:
Confidence Model – ₹5 lakh
Premium Franchise – ₹10 lakh
Master Franchise – ₹15 lakh to ₹40 lakh
He reportedly assured high profits and invited investments under these schemes.
Payments and sudden disappearance
Pradeep Kumar initially paid ₹3.08 lakh towards the franchise and subsequently transferred ₹57.43 lakh in instalments.
However, after collecting money from investors, Sawlani allegedly shut down his office, switched off his phone, and went into hiding.
₹3.27 crore collected from 29 victims
The complainant stated that apart from him, at least 28 other individuals were similarly cheated. The accused is alleged to have collected nearly ₹3.27 crore from a total of 29 investors before disappearing.
CCS police have registered the complaint and initiated an investigation into the alleged large-scale investment fraud.