A case that began as a kidnapping-for-ransom in Patna has escalated into a major financial fraud investigation. The incident came to light when the manager of Radha Damodar Enterprises, Sachin Kumar, was abducted from his office and held hostage by investors demanding the return of their lost money. What initially appeared to be a simple ransom case is now being linked to a large-scale financial scam, with police delving into the operations of a money-doubling racket run by the company under the guise of legitimate business dealings.
Investors Claim Fraud and Reveal Kidnapping Plot
The investigation began with a shocking revelation from the kidnappers, who confessed to having invested large sums of money into Radha Damodar Enterprises, lured by the false promise that their investments would double within hours. According to the police, one of the kidnappers explained, “We invested money by selling our wives’ and ancestral jewelry. They lured us with the promise of doubling it. When we couldn’t contact them or get our money back, we kidnapped Sachin.”
The kidnappers, frustrated with their financial losses, decided to hold Sachin hostage. They demanded a ransom of ₹50 lakh from his family for his release, further complicating the situation. The group detained him at a hotel in Patel Nagar, within the jurisdiction of Shastri Nagar police station.
The Kidnapping and Rescue Operation
Sachin Kumar, who worked as a manager for Radha Damodar Enterprises located in Digha, Patna, was abducted along with two of his associates. The trio was taken to a hotel in Patel Nagar, where Sachin was allegedly beaten and tortured in an attempt to force his family to pay the ransom.
The family of Sachin Kumar filed a complaint with Shastri Nagar Police Station on September 30, after receiving distressing phone calls from him. Acting swiftly, the police set up a special task force, including members from the Special Cell, STF, and local police units. The investigators traced the kidnappers’ mobile phone signal, which led them to the hotel where Sachin was being held.
Once the location was confirmed, the police surrounded the hotel and raided it, rescuing Sachin Kumar and arresting his captors. The DIG of the Special Task Force arrived at the scene to interrogate both the victim and the kidnappers. It was during this questioning that a large financial scam was uncovered.
A Web of Deceit: The Money-Doubling Scam Unfolds
During the investigation, the kidnappers, identified as Subhash Mandal and his associates, revealed the details of a massive money-doubling scheme. According to the accused, they had collectively invested nearly ₹50 lakh in Radha Damodar Enterprises, believing the company’s promises of doubling their money. One of the kidnappers explained, “Sachin personally took the money, gave us receipts, and promised to return double the amount within three hours. He even packed the cash in a suitcase, saying it was being sent to process the doubling. But after that, we couldn’t get in touch with him.”
This revelation turned the case into a financial fraud investigation, as police began to unravel the scam that was running under the cover of legitimate business operations. The investors, who had sold their valuables and invested their life savings, were left devastated when they realized they had been deceived.
Manager’s Confession: Job Offer from Delhi Contact
As the investigation continued, Sachin Kumar confessed that he was working as a manager at Radha Damodar Enterprises for a monthly salary of ₹40,000. He explained that he had joined the company on September 24 after being contacted by a man named Deepak, who offered him the job. According to Sachin, Radha Damodar Enterprises had an established presence in Bihar and operated through agents who brought in clients for the fraudulent money-doubling scheme.
Sachin stated, “I handled clients who wanted to double their money. When the payments didn’t arrive, they came looking for me.” He further added that his current address was in Noida, Uttar Pradesh, and that after joining the firm, he had limited contact with Deepak and other associates.
The police have found it difficult to track down Deepak and other key individuals behind the fraudulent operation. Sachin’s admission paints a grim picture of how the company exploited its clients with false promises, causing significant financial losses for many.
₹50 Lakh Still Missing: Search Expands to Other States
According to Law and Order DSP Muhibullah Ansari, the investigation is ongoing, and police are working tirelessly to track down the missing ₹50 lakh that was allegedly handed over to Sachin Kumar. “We are trying to identify the people behind this racket,” he said, adding that the investigation is not limited to Patna alone.
In light of the widespread nature of the scam, the police have expanded their search efforts beyond Bihar. Special police teams from the STF and Special Cell are now tracking leads in Patna and other states, hoping to trace the missing funds and uncover the masterminds behind Radha Damodar Enterprises’ fraudulent operations.
Officials suspect that Radha Damodar Enterprises is part of a larger interstate scam network that is targeting investors by making fake promises of quick financial returns. The police are now looking into whether this is a part of a broader pattern of deception and exploitation across multiple states, preying on unsuspecting individuals.
Investigation and Legal Action: What’s Next?
As the investigation into the kidnapping and financial fraud continues, the police are focusing on identifying the individuals responsible for running Radha Damodar Enterprises. Several aspects of the case are still under scrutiny, including the role of Deepak, who contacted Sachin and recruited him for the fraudulent enterprise. Law enforcement officials are also working to track down other individuals who may have been involved in the scam.
Police are also investigating whether other investors in the scheme have been similarly duped and are gathering evidence from local witnesses, financial transactions, and rental agreements. The authorities are determined to hold the culprits accountable and bring justice to the victims who have suffered significant financial losses.
The Impact of the Fraud on the Victims
The victims of the money-doubling scam have suffered immensely. Many of them were convinced that their investments would grow exponentially, and they took drastic measures to raise the funds required to participate. Some sold their family jewelry, while others borrowed large sums of money to invest in the scheme. The psychological toll on the victims, who are now facing the reality that they may never recover their money, has been significant.
For many, the realization that they have been duped by an organization posing as a legitimate business is devastating. The kidnapping case, which initially seemed to be a matter of ransom, has now highlighted the dangerous nature of such scams, where trust is manipulated for financial gain.
The investigation into the kidnapping of Sachin Kumar has now shifted focus to a larger issue of financial fraud, which continues to affect many innocent people. As the authorities work to uncover the full extent of the scam, they have urged the public to exercise caution when making financial investments.
Radha Damodar Enterprises, which operated under the guise of a legitimate business, is now under scrutiny for its involvement in a fraudulent money-doubling scheme. The case serves as a reminder of the importance of verifying investment opportunities before committing hard-earned money.
The ongoing investigation is expected to reveal more details about the scope of the scam, and authorities are hopeful that they can track down the masterminds behind the operation. As the case unfolds, the public is encouraged to report any information that might assist in the investigation and help bring the criminals to justice.
