Who is Indian-origin owner Ravindra Nath Soni? Key accused of Dubai BlueChip Group scam arrested by Kanpur Police

Indian-origin owner, Ravindra Nath Soni, accused of the Dubai BlueChip Group scam, was arrested by Kanpur police from Dehradun.

Published on: Dec 3, 2025, 09:15:09 IST

By Trisha Sengupta

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The main accused in one of the UAE’s largest investment frauds was arrested in Dehradun, Uttarakhand. Reportedly, India-origin Ravindra Nath Soni was taken into custody by the police after an 18-month international hunt.

Indian-origin Ravindra Nath Soni is accused of masterminding one of the biggest scams in the UAE. (Pexel)

Who is Ravindra Nath Soni?

He is the owner of the Dubai-based BlueChip Group and the prime accused in a scam, reported Khaleej Times. The 44-year-old was arrested by Kanpur police. A reward of ₹10,000 was also announced for any information that would lead to his arrest.

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What is Soni accused of?

“Soni defrauded numerous victims by promising high monthly returns through his Dubai-based company BlueChip. He has a long criminal history with three prior cases of fraud registered against him. We are now following the money trail and will seize all bank accounts and assets linked to him,” the Additional Deputy Commissioner of Police (ADCP) Law & Order, Kanpur Nagar, Anjali Vishwakarma (IPS) told media.

BlueChip Group investment scam:

The scam came to light when Soni allegedly failed to repay Dh10.05 million to a cheque-holder, and an arrest warrant was issued against him.

The company operated from the Al Jawhara Building in Bur Dubai. It promised investors guaranteed 3% monthly returns on a minimum investment of $10,000, locked in for 18 months.

However, the scheme collapsed in 2024 when the payments stopped. It left many in the UAE, including Indian expats, facing losses. The estimated loss amount is Dh367 million ($100 million), according to the outlet.

Also Read: ‘Who has ₹32 crore lying around?’: Bengaluru woman’s massive scam loss triggers wild reactions

Reportedly, when the investors' cheques bounced, Soni was nowhere to be found, and the office was abandoned overnight. The outlet further reported that, according to court records in 2023, Soni was ordered to repay Dh2.05 million to another victim.

In 2022, he was arrested in India for allegedly operating a “double-your-money” scheme, according to the outlet.

ABOUT THE AUTHOR
Trisha Sengupta
Trisha Sengupta works as Chief Content Producer at Hindustan Times with over six years of experience in the digital newsroom. Known for her ability to decode the internet’s most talked-about moments, she specialises in high-engagement storytelling that bridges the gap between viral trends and traditional journalism. Throughout her tenure, Trisha has focused on the intersection of technology, finance, and human emotion. She frequently covers personal finance and real estate struggles in hubs like Gurgaon, Bengaluru, and Hyderabad, while also documenting the unique challenges of the NRI experience. Her work often highlights the movements and philosophies of global newsmakers and personalities like Elon Musk, Mukesh Ambani, Nikhil Kamath, Dubai crown prince, and MrBeast. From reporting on Amazon or Meta layoffs and startup culture to the emergence of AI-driven platforms like Grok and xAI, she provides a grounded and empathetic perspective on the stories shaping our world. When not decoding the internet, Trisha is likely offline: lost in a book, exploring a historical ruin, or navigating the world as a solo traveler. She balances her fast-paced career with family time and a healthy dose of curiosity, currently trading her "human" sources for silicon ones as she masters AI to future-proof her storytelling.Read More

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