Harshvardhan Jain, arrested for running a fake embassy in Ghaziabad, is opening new secrets in front of STF in front of STF. The police will demand the custody of Harshvardhan Jain in the court on Monday (28 July 2025). According to the police, Jain can be involved in a scam of about Rs 300 crore. This scam was done in the name of getting loans abroad.

Saudi’s Arms dealer connivance

According to STF officials, such documents have been found from the accused’s residence, which is known that he has registered a lot of companies abroad along with Hasan Ali Syed. So far, information about 25 of its companies and bank accounts has been revealed. He has traveled abroad 162 times in 10 years. During the raid on the fake embassy, the police received photographs with Chandraswamy and Saudi Arms dealer Adnan Khagoshi.

He came under investigation on charges of Chandraswami financial irregularities and was arrested in 1996. In the raid on his ashram, the transaction with Arms dealer Khashogi was also revealed. Chandraswamy was also accused of providing funds for the assassination of former Prime Minister Rajiv Gandhi.

UP STF found in the investigation that Chandraswamy had introduced Harshvardhan Jain to Khasogi and Thug Ahsan Ali Saeed. Saeed is accused of opening 25 fake companies with Harshvardhan which were used for money laundering. Ahsan Ali Saeed was born in Hyderabad, but later he became a citizen of Turkia.

Police investigating 300 crore scam

Ahsan Saeed used to run a company called Western Advisory Group in Switzerland, which contacted other companies and promised them to get loans in exchange for brokerage. It is alleged that this company recovered brokerage of 2.5 crore pounds, or about Rs 300 crore and ran away from Switzerland. He was arrested in London in 2022. The police is now investigating the involvement of Harshvardhan Jain in this big scam. Earlier, the police had come to know that Jain used a fake embassy for networking and lured people to jobs.

Harshvardhan Jain traveled abroad for 162 times

Harshvardhan Jain traveled abroad 162 times between 2005 and 2015. During this, he visited 19 countries. Harshavardhana visited UAE, 22 times 54 times. Apart from this, he traveled to Italy, Seborgo, Indonesia, Saudi Arabia, Singapore, Malaysia, Germany, Thailand, Poland, Sri Lanka, Turkia, Mauritius, France, Cameron and Poland.

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Harshvardhan Jain, who is running a fake embassy arrested from Kavi Nagar in Ghaziabad, has traveled to about 40 countries in the last 10 years. Jain allegedly had diplomatic passports from a total of 12 countries. Officials of Noida STF, who disclosed the case, said that Harshvardhan is a player of hawala business and lions.

The Uttar Pradesh STF team has started the process of receiving a blue corner notice against Harshvardhan Jain and has applied to take police custody to investigate his foreign activities.

20 crore rupees cash transaction was revealed

According to the report of Hindustan Times, the team investigating the case has found evidence, which shows that between 2002 and 2004, Turkish citizen Syed Ehsan Ali had done a total cash transaction of Rs 20 crore with Jain. Also, in the investigation, it was found that Jain had a total of 12 accounts in India and 8 in abroad, after which the police applied for remand.

A report by the Indian Express claimed that Harshvardhan Jain had visited countries like United Arab Emirates, France, Italy, Cameron, Switzerland, Britain, Mauritius, Turkey, Bulgaria, Poland, Sri Lanka and Belgium.

Belling with false promise to get a job

Noida’s STF team came to know during investigation that Jain used to make a false promise to provide jobs to companies and people abroad. Also, Jain used to visit many Gulf and European countries to run his fake companies and make contacts.

Harsh Vardhan is currently in judicial custody and a case has been registered against him under Section 318 (4) (fraud), 336 (3) (forgery), 338 (forgery of valuable securities) and 340 (2) (forged documents or electronic records) at Kavi Nagar Police Station.

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