Dholpur Police arrest wanted fraudster Amit Gautam after 6 years on the run; cheated 200 victims of Rs 12.69 crore
Accused held 7 fake companies with partner Arun Aggarwal and used M.Pharma degree to target doctors, engineers and traders
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Dholpur police arrested the absconding accused.
Jaipur: Dholpur Police have arrested a reward-listed accused, Amit Gautam, who had been evading arrest for six years after allegedly defrauding approximately 200 people of Rs 12 crore 69 lakh across Rajasthan. He was apprehended from Lajpat Nagar Block C, Delhi, by a special cyber cell team. A reward of Rs 43,000 had been announced for his arrest — Rs 40,000 by the IGP Bharatpur Range and Rs 3,000 by Jaipur West Police. The Enforcement Directorate (ED) had also been searching for him for a considerable period.
The accused, Amit Gautam, son of Subhash Gautam, a 43-year-old resident of Shastri Nagar, Sector 5, Police Station Nihalganj, District Dholpur, is wanted in approximately 20 cases across Dholpur, Jaipur, and Udaipur.
Gautam holds an M.Pharma degree from B.N. Pharmacy College, Udaipur. Police say his knowledge of medicines and medical tests was central to his modus operandi — it allowed him to move convincingly in the circles of doctors, engineers, traders, and professionals at higher education institutions, who became his primary targets for large-value fraud.
Working with his associate Arun Aggarwal, Gautam allegedly lured victims by promising high returns on investment and the doubling of money in a short time. To project an image of wealth and credibility, he used luxury cars, expensive watches, and high-end mobile phones when meeting prospective victims. He floated seven fake companies to give his scheme an air of legitimacy: Vaibhav Enterprises, ROUTEVISOT LOGISTICS PVT. LTD., Trumc Capital Pvt. Ltd., Aetrio Real Corp Pvt. Ltd., Vaibhav Hugemovers Pvt. Ltd., Vaibhav Nidhi India Ltd., and Techradiushitech Pvt. Ltd. He would tell investors that these companies invested in large markets and purchased cheap rural land which was developed and sold at a profit.
To build initial trust, the accused would pay above-market returns to early investors who put in small amounts. Once convinced, victims would invest larger sums and even bring in their own relatives and acquaintances. For victims who did not have sufficient funds, Gautam and his associate would accompany them to banks and help them obtain large loans simultaneously from multiple branches. Having defrauded around 200 people of Rs 12.69 crore, Gautam left Rajasthan and relocated to Delhi with his family.
In Delhi, Gautam allegedly concealed his identity by always wearing a doctor’s coat and a face mask, and worked at medical stores and diagnostic labs. The Dholpur Cyber Cell team spent approximately six months gathering intelligence across Jaipur, Udaipur, and Delhi. Constable Harvendra Singh (509) made repeated visits to the accused’s suspected locations and confirmed his presence in Delhi. The team visited multiple medical stores and even gave blood samples at diagnostic labs to gather precise information without raising suspicion. Using this intelligence, the team arrested Gautam from Lajpat Nagar, Delhi.
The operation was conducted under the direction of IGP Bharatpur Range Kailash Chand Bishnoi IPS, the leadership of SP Dholpur Vikas Sangwan IPS, and the supervision of Additional SP Vaibhav Sharma RPS. The special team was constituted under SI Krishnaraj Jagid RPS and comprised SHO Amit Sharma, ASI Harendra Singh (PS Nihalganj), Head Constable Naresh Singh (17), and constables Naresh Singh (340), Harvendra Singh (509), Dinesh (1048), and Nilendra (545) of the Dholpur Cyber Cell. Constable Harvendra Singh (509) was credited with a key role throughout the operation.
