
Asian Games Gold Medalist Sarita Gaikwad Scammed of ₹69 Lakhs
What Happened?
Sarita Gaikwad, a gold medalist from the Asian Games, has reportedly been scammed of ₹69.10 lakhs under the pretense of a sand business investment. She was promised a 4% monthly return and the return of her principal amount within a year.
Key points
- Sarita Gaikwad is a renowned athlete from Gujarat.
- She won a gold medal in the women's 4x400 meter relay at the 2018 Asian Games.
- The scam involved a man named Nitin Bharti, who promised high returns on investment.
- Sarita transferred a total of ₹69.10 lakhs to Bharti.
- After requesting her money back, she received excuses instead of her funds.
- She filed a complaint with the police after waiting for a resolution.
Key insights
- The case raises awareness about financial scams targeting athletes.
- It may lead to increased scrutiny of investment opportunities presented to sports professionals.
- Athletes might become more cautious about financial dealings in the future.
Why it matters
This incident highlights the risks athletes face in financial investments.
Entities
Source
India Today


