# Sources differ on arrests in alleged Ponzi scheme cases 2026-08-12T03:08:03+00:00 | Governance | Indian Opinion Desk Corroboration: 3 independent outlets The three supplied reports describe separate alleged Ponzi schemes, not one common case. The Hindu reports that the Enforcement Directorate arrested Subhash Chandra Bijnoriya in Jaipur on August 10 in the Nexa Evergreen case, involving alleged collections of Rs 2,676 crore. Deccan Chronicle reports the arrest of Shivanand Siddappa Neelannavar in Karnataka in a separate case involving alleged collections of Rs 2,110.97 crore. The Times of India reports that Mumbai’s Economic Offences Wing arrested four people over an alleged Rs 30-crore scheme operated by AI Origin or Digital Origin. The reports cite promises of assured high returns and referral-based mobilisation of funds. The ED and police allege that new investors’ money was used to pay earlier investors. The cases, locations, accused and amounts differ substantially. ## Coverage - thehindu.com - deccanchronicle.com - timesofindia.indiatimes.com Tags: ED, investor fraud, money laundering, Nexa Evergreen, PMLA, ponzi scheme Canonical: https://indianopinion.org/ed-arrests-bijnoriya-in-nexa-evergreen-rs-2676-crore-fraud-case/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ed-arrests-bijnoriya-in-nexa-evergreen-rs-2676-crore-fraud-case/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.