Fancy cars leads to fatal crashes: Radhika Gupta on Rs 2,200 crore stock market fraud

The investors need to stay safe and cautious of frauds as there is no fast route to riches, advises Edelweiss Mutual Fund CEO, Radhika Gupta. According to Gupta, a Rs 2200 crores of fraud is heartbreaking stuff. How many reminders do one need? There is no fast route to be rich and if that route is advertised with fancy cars in tow, it leads to fatal crashes.

Gupta posted on social media platform X that, “2200 crores of fraud is heartbreaking stuff. How many reminders do we need that there is no fast route to riches… and usually if such a route is advertised with fancy cars in tow… it leads to fatal crashes.”

The CEO advised investors to stay safe and stick to dal -chawal investing as that works without indigestion.


She wrote, “Stay safe. And stick to dal-chawal investing. It works. Without indigestion.”


Several users commented on Gupta’s post. A user wrote that there is no legitimate investment which offers fast and guaranteed riches. If a scheme promises high returns with minimal risk, it’s a major red flag. Stick to time-tested, steady investment options like mutual funds, index funds, or bonds, and avoid speculative ventures pushed by these so called gurus. Another user wrote that dal chawal investing is so apt.

Radhika Gupta posted this on social media platform in response to a post which mentioned about a fraud of Rs 2200 crore. In this fraud, a 22 year old youngster Swapnil Das was able to rake in mind-boggling amount from gullible public by simple modus operandi of posing with foreign cars, appearing on Face2Face (F2F), RIGI and promising a 30% return in 60 days from stock market trading and investments.


Several users commented on this post about the fraud. A user wrote how to verify people and their integrity for future actions? The user discussed the process for the same.