Amber Dalal is the owner of the private investment company Ritz Consultancy in Mumbai
Find out more about him and his recent news.
In an unexpected turn of events inside the city, Ritz Consultancy’s iconic figure, Amber Dalal, has disappeared. This has led to a furious rush of distressed investors to the Oshiwara Police Station, where they are witnessing a Ponzi scheme worth over Rs 1000 crore collapse in front of their own eyes.
Who is CA Amber Dalal as owner of Ritz Consultancy Mumbai goes missing as Ponzi scheme collapses and his biography
If news are to be believed – Mr Amber Dalal – Ritz Consultancy – based out of Mumbai – ran off with an estimated 1000 to 1500 Crore.
🔸He raised as low as 10 Lakhs
🔸1000+ people invested their hard earned money
🔸22% annual return with safety of capital was promisedMy views:…
— Nishant Batra CWM® 🇮🇳 (@stepbystep888) March 17, 2024
After a formal complaint was filed against chartered accountant Dalal and his company, Ritz Consultancy, the scheme—which had entangled over 900 investors—was made public late yesterday. Through his complex plan, Dalal enticed investors with promises of a 2% monthly return and guarantees of the security of their wealth.
This resulted in a significant influx of capital, especially from older people and retirees. When investors did not get their anticipated payouts for March, the plan started to fall apart, leading to investigations into the situation.
Concerns deepened when Ambar Dalal’s family revealed that he had been missing since the morning of March 14th, having lodged a missing person report with the Oshiwara Police Station.
The case investigation is presently being led by Senior PI Mohan Patil. On March 15, 2024, the disgruntled complainant submitted a formal complaint at the Oshiwara Police Station.
The Oshiwara Police have accused Ambar Dalal in reaction to the developing crisis under Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999, as well as Sections 420, 406, and 409 of the Indian Penal Code (IPC).
Since then, Ambar has become a hot topic of discussion all over the world, with many people trying to learn more about him:
Who is Ambar Dalal?
Dear X,
Please help locate Mr Amber Dalal. Owner of a private investment firm in Mumbai called Ritz Consultancy. He's missing since 14th March 24. Over 1000 crores are invested by over 500 investors across India/abroad. He's on the run. #FindAmberDalal
@MumbaiPolice pic.twitter.com/ecWsy1Mxsp— Soumya Parmar (@soumyaparmar) March 16, 2024
Ambar Dalal is an Indian chartered accountant. He has been in the news because he disappeared after getting involved in a Ponzi scam worth over Rs 1000 crore.
He was born and brought up in Mumbai, Maharashtra. He is the owner of the private investment company Ritz Consultancy in Mumbai and has been noticeably missing since March 14th, 2024.
With investments exceeding 1000 crores from more than 500 investors spanning India and abroad, the situation has escalated into a manhunt as Ambar Dalal remains on the run.