Digital wallet fraud by a Gujarat company, investors lost 1200 crore rupees; 15 lakh victims.
A massive multi-level marketing scam worth over 1200 crore rupees took place across the country through a Gujarat-based digital wallet app named SD Pay. The group cheated around 15 lakh people by promising high interest and commissions.
Explanation in simple terms
- What:
- A company allegedly cheated fifteen lakh people through a digital wallet fraud involving large financial losses.
- Who:
- The company SD Pay is the accused party, while fifteen lakh people are the victims.
- When:
- Reported on 2 Nov 2026.
- Where:
- Gujarat.
- Why:
- The group allegedly cheated people by making false promises of high interest and commissions.
- What it means:
- The report highlights a multi-level marketing scam that resulted in significant financial losses for many investors.






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