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Gujarat Police Bust Rs 1,211-Crore SD Pay Digital Wallet Scam Involving 6.5 Lakh Investors

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Gujarat Police Bust Rs 1,211-Crore SD Pay Digital Wallet Scam Involving 6.5 Lakh Investors

Analysed 3 Nov 2026·2 sources analysed·South Dakota, United States·Crime
Gujarat Police Bust Rs 1,211-Crore SD Pay Digital Wallet Scam Involving 6.5 Lakh InvestorsPreviousNext

Gujarat's Amreli Police uncovered a Rs 1,211-crore scam involving the SD Pay digital wallet app, which allegedly defrauded over 6.5 lakh investors across 36 states and Union Territories. The app promised a 9% monthly cashback and operated via a 15-level referral system, encouraging users to recruit others. Investigations revealed the scheme relied on new investments to pay earlier participants, with withdrawals blocked as funds were diverted to shell companies. Twelve arrests have been made, and a Special Investigation Team is probing financial transactions.

Sentiment
32%
TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is negative (32/100). Lens Score 57/100.

Outlets measured: indiatoday, indiatoday. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 3 Nov 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Negative (32/100)

Sentiment was consistent across outlets (28–35/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

indiatoday broke this story on 3 Nov, 10:37 am. Other outlets followed.

3 Nov, 10:37 am2 sources · 14 min3 Nov, 10:51 am
  1. 1
AI analysis by the TBN Bias Engine · beat methodology byDushyant Deshmukh· Investigative Writer· editorial standards byOjas Kale
← Previous
KPSC Chairman Faces Bribery Allegations Amid Rs 35-Crore Hometown Project Probe
Next →
Mumbai Man Arrested for Impersonating CM Fadnavis' OSD and Extorting Contractor
indiatoday3 Nov, 10:37 am
6.5 lakh investors, 2-month probe: Gujarat cops bust Rs 1,200 crore SD Pay app scam
  • 2
    indiatoday3 Nov, 10:51 am
    By the people, for the scam: Inside a digital wallet app's Rs 1,200-crore scam
  • Accountability flags

    TBN's analysis identified the following accountability dimensions in this story.

    • financial irregularity

      This story involves alleged financial misconduct — unexplained transactions, procurement irregularities, or misuse of public/shareholder funds.

    Who's involved

    Institutions and figures named across source coverage.

    Government
    Amreli Police
    Enforcement
    Amreli Police

    Story context

    Category
    Crime
    Location
    South Dakota, United States
    Sources analysed
    2
    Last analysed
    3 Nov 2026
    Key entities
    LakhMobile appCroreIndian rupeeSouth DakotaGujaratFraudCybercrimeUnion territoryMulti-level marketingPasswordAmreli