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Man posing as ex-Gujarat MP's son booked for cheating investors through share market scam
Mumbai Police registered a case against Vicky Vajubhai Barejia alias Vicky Prajapati for allegedly posing as the son of a former Gujarat MP to cheat investors in the share market. The complainant says ₹41.39 lakh was transferred, ₹9.75 lakh returned, and others including a friend were cheated; the police filed a case on April 29, 2026, citing losses of ₹18.69 lakh.
Why It Matters
The case underscores risks of impersonation in investment schemes and the need for vigilant law enforcement to protect investors.
Timeline
5 Events
April 29, 2026: Police register case against Barejia
April 29, 2026
Following the complaint, Mumbai Police registered a case of cheating and criminal breach of trust against Barejia. The complainant states a loss of ₹18.69 lakh in the case.
April 2025: Additional victims and ₹5 lakh loss
April 2025
Police said the accused had lured several other persons with promises of doubling their investments; one friend of the complainant was allegedly cheated of ₹5 lakh.
April 2025: Partial repayment and share purchases
April 2025
Barejia allegedly returned around ₹9.75 lakh and purchased some shares on behalf of the complainant, but thereafter stopped paying profits or returning the remaining amount.
April 2025: Investment proposal and funds transfer
April 2025
Barejia visited Mumbai and advised the complainant to invest in shares, promising doubling of returns in six months and claiming that several IAS and IPS officers were investing through him. A total of ₹41.39 lakh was allegedly transferred to him via cash, RTGS and NEFT.
March 2025: Complainant meets Barejia who claims to be son of former Gujarat MP
March 2025
Swaranjitsingh, a businessman from Khar, came into contact with Barejia, who claimed to be a resident of Gujarat and said his father was a former MP. Barejia allegedly showed an identity card claiming links in Parliament to gain the complainant's trust.