- By Shubham Bajpai
- Wed, 17 Jun 2026 07:09 PM (IST)
- Source:JND
A high-profile Chartered Accountant (CA) couple, having offices in Ahmedabad and Gandhinagar, has been arrested by the Crime Branch's Economic Offences Prevention (EOW) Wing for defrauding their family members of Rs 10.36 crore in the name of investing in the stock market.
The couple has been identified as Jwalit alias Jay and Boskey. According to the information, Kaushalbhai Vinodkumar Nayak, a resident of the Gota area of Ahmedabad, has filed an official complaint with the EOW Crime Branch.
In his complaint, Nayak alleged that his own sister's son, Jwalit alias Jay and his wife Boskey are both qualified CAs. He added that the CA couple was responsible for all kinds of financial matters, including filing the Income Tax Return (ITR) of all his family members. Nayak added that he believed them as they were family members.
However, Jwalit and Boskey started exploiting this trust. They showed Nayak and other family members' dreams of earning huge profits in a very short time by investing in the stock market.
Believing them, Nayak transferred Rs 5.91 crore from his own account and Rs 4.44 crore from other family relatives, making a total of Rs 10.36 crore to the couple's bank account.
The accused couple claimed to have invested the huge amount in multiple stocks. However, when the complainant Nayak demanded a bank statement to process his son's visa to study abroad, the accused CA couple sent a fake bank statement to deceive him.
Couple registered shell company in Nayak's name
An email was also sent showing false details. Growing suspicious about them, Nayak investigated and uncovered the entire scam.
The investigation also revealed that all the official documents of the Nayak family were kept with this CA couple. Misusing the documents, the couple registered fake shell companies in the names of family members, opened fake bank accounts in their names and also made large-scale anonymous financial transactions in them.
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Couple maintained lavish lifestyle to avoid suspicion
Police investigation has revealed that the accused couple has a luxurious office each in Ahmedabad and Gandhinagar. They lived a very luxurious and lavish lifestyle with high-end cars and a huge residence to trap people. They maintained the lifestyle to avoid suspicion.