'Bike Bot' scam explained: How Noida-based firm duped 2 lakh investors of Rs 15,000 crore

The CBI has unearthed a Rs 15,000 crore 'Bike Bot' scam involving a Noida-based firm and its promoter Sanjay Bhati.

A new scam, much bigger than the infamous Punjab National Bank (PNB) scam, has been unearthed by the Central Bureau of Investigation (CBI). The 'Bike Bot' scam, being operated from Uttar Pradesh's Noida, is estimated to be worth over Rs 15,000 crore.

The CBI believes that Sanjay Bhati, a resident of UP, allegedly duped over two lakh investors to the tune of Rs 15,000 crore through a very simple investment scheme.