Nanavath Bhupal Naik, who previously worked as a mason, is allegedly involved in a major investment scam. This scheme defrauded approximately 7,400 investors across the country out of Rs 670 crore. Naik established two companies, Shares Bazaar Pvt Ltd and Kisaan Parivar Ltd, to attract investors through false promises. He has already been arrested in multiple states, including Punjab and Gujarat, for these offenses.
