FIR alleges Rajkot couple defrauded 4 investors of ₹6.18cr

Rajkot: B Division police here registered an FIR against a couple on Friday, for allegedly orchestrating a massive investment fraud and cheating a family and their associates of Rs 6.18 crore.

The accused, Divyesh and Nilam Savaliya, residents of Nana Mava Main Road, were the directors of a company called Kamya Textiles.

The case came to light after Jalpa Raiyani, 48, who runs a plastic granules company lodged a formal complaint alleging that the multi-crore fraud had been perpetrated over three years, between Jan 1, 2023, and Dec 31, 2025.

The Savaliyas were friends of was Jalpa’s husband, and approached him saying their textile company needed financial backing. They coaxed the family into investing by promising them returns of two or three times their investment while offering shares in Kamya Textiles. The accused allegedly also convinced other victims to hand over large sums of money via bank transfers and cash. According to the complaint, Jalpa’s husband invested Rs 4 crore, her relative Rajesh invested Rs 1.43 crore, her family friend Kalpesh invested Rs 30 lakh and she herself invested Rs 45 lakh.

The complaint outlines that despite taking the money and promising a 40% stake in the company to Jalpa’s husband, the Savaliyas failed to allocate shares, transfer any profits or furnish the company’s audit reports. When pressed by the victims to return the principal investments or the promised returns, the couple allegedly flat-out refused, leading the investors to realize that they had been cheated.

B Division police booked Divyesh and Nilam Savaliya under Sections 318(4) and 54 of the BNS, alongside Section 3 of the Gujarat Protection of Interest of Depositors (GPID) Act.