Man arrested in Delhi for defrauding investor of 73 lakh rupees in solar project scam

A man accused of defrauding an investor of 73 lakh rupees by promising him a stake in a solar street light and pole supply project for the Meghalaya government has been arrested by Ujjain police from Delhi, marking a significant breakthrough in a case involving multiple accused and cross-country coordination.

The accused, Faiyyaz Chikode, son of Appa Saheb Chikode and a resident of New Delhi, was apprehended by Madhavnagar police station officers on 11 September 2026 after remaining on the run for a considerable period. He was presented before the court on 12 September 2026, where the police obtained his remand for seven days to conduct a detailed investigation into the fraud, the money trail, and the involvement of other individuals in the elaborate deception.

The case was registered at Madhavnagar police station in Ujjain district following a written complaint filed by Jitendra Singh Solanki, who alleged that he was duped of 73 lakh rupees after being lured with promises of profit through investment in a 19.68 crore rupee project involving the supply of solar street lights and poles to the Meghalaya government.

According to the complaint, the accused persons obtained a total of 73 lakh rupees from the complainant both through online transfers and in cash, enticing him with the promise of lucrative returns on his investment in the project. However, after collecting the money, the accused later claimed their inability to supply the materials under the tender and refused to return the complainant's amount, leaving him defrauded of the substantial sum.

Madhavnagar police registered a case against five named accused under sections 318(4) and 3(5) of the Bharatiya Nyaya Sanhita (BNS) and launched an investigation. The accused named in the case are Harpal Singh alias Sanjay Singh, Hitendra Singh Ranawat, Dapwan Rao, Faiyyaz Chikode, and Abhay Prakash, who is identified as the director of KSF Group India Limited.

Of the five accused persons named in the case, three had already been arrested earlier, while one accused remains absconding. Police efforts to trace and apprehend the remaining fugitive accused are currently underway, according to officials handling the investigation.

During the police remand period, investigators are conducting extensive questioning of the arrested accused Faiyyaz Chikode regarding the defrauded amount, how the money was utilized, documents related to the project, and information about other individuals involved in the fraudulent scheme. The interrogation is aimed at unraveling the complete conspiracy and recovering the duped money.

The successful arrest was achieved under the guidance of Additional Superintendent of Police (City) Guruprasad Parashar and City Superintendent of Police Deepika Shinde, who have been overseeing swift action in fraud and economic offence cases to ensure speedy resolution of such matters in Ujjain.

The complainant Jitendra Singh Solanki, who currently resides in Scotland, United Kingdom, expressed his gratitude to Ujjain police for their prompt action in the 73 lakh rupee fraud case and for securing the arrest of the accused. His appreciation from abroad underscores the efficacy of the police response in the matter.

The Madhavnagar police station team played the central role in the entire operation, from registering the case to tracking down and arresting the absconding accused from Delhi. Ujjain police have been ensuring rapid resolution of fraud and economic crime cases through swift action, and this arrest represents another success in that ongoing effort to tackle financial crimes affecting citizens.