Educated CFO Behind ₹9-Crore Cyber-Fraud Racket Busted by Surat Cyber Cell

Surat Cyber Cell has uncovered one of Gujarat’s most sophisticated cyber-fraud operations, allegedly orchestrated by Nitesh Govani — a B.Sc. Mathematics graduate and Chief Finance Officer at a reputed Pune-based firm. Govani, despite a stable career and a 20% company stake, created an elaborate corporate setup that cheated more than 1,200 people and siphoned off over ₹9 crore.

Investigators revealed that Govani, previously arrested in Ahmedabad in 2021 for a similar data-entry scam, used his six-month stay in Sabarmati Jail not for reform but to refine his methods. After his release, he continued working as a CFO while structuring a fraud that appeared entirely legal on paper.

To bypass banking rules that require companies to be at least a year old for subscription-based deductions, he purchased a struggling Surat firm, Global Index, from owner Sanket Mangrola. He then floated a paper-only Dubai entity, Connecting All India, and launched another company, White Solver, which lured jobseekers with data-entry work promising ₹20 per app download.

The fraud operated through these three interconnected companies:
• White Solver recruited jobseekers.
• Global Index issued digital contracts.
• Connecting All India posed as the app service provider.

Victims were urged to e-sign contracts, which Govani later used to accuse them of breaches, threatening legal consequences to extort money. To maintain a clean façade, he filed GST returns, paid taxes, and kept all paperwork flawless. He even transferred Global Index on paper to an individual named Satyendra Pal, though he continued controlling all login IDs, passwords, and financial operations.

The scam unravelled when the Surat Cyber Cell began investigating suspicious call-centre activity. Digital trails from multiple companies and transactions repeatedly led to Govani.

DCP Bishakha Jain, who headed the probe, said, “Every document looked lawful. He created a multi-company network to make the fraud appear legal, but he secretly controlled all systems and used digital signatures to extort victims.” She confirmed that more than 1,200 people were cheated and over ₹9 crore siphoned off.

Govani also attempted to boost the valuation of his fake Dubai firm by collecting large volumes of user data.

With his arrest, authorities say they have dismantled one of the most meticulously engineered cyber-fraud networks seen in recent years, exposing how an educated corporate professional weaponised his skills to deceive thousands.