Ludhiana Franchise Scam: Five Directors Booked for ₹2.5-Crore Fraud
The complainant alleged the company reneged on its commitments and cut all communication after he made the payment. A shocking franchise fraud case has come to light in Ludhiana, where five directors of a Delhi-based packaged snacks company have been booked for allegedly cheating a local industrialist of ₹2.5 crore. The scam, which began with the promise of a lucrative franchise opportunity, has once again exposed the dark side of India’s rapidly growing franchise sector. According to police, the accused have been identified as Ashok Aggarwal, Archana Aggarwal, Sharad Aggarwal, Priyanka Aggarwal, and Vaibhav Aggarwal —all directors of the same firm. The FIR was filed based on a complaint by Satish Sood , a resident of Janpath Estate, Jhammat village, Ludhiana. Sood stated that he had initially approached the company to obtain a franchise for Ludhiana. The firm allegedly asked for ₹25 lakh as an advance payment, which he paid. Later, he was persuaded to pay another ₹22.5 lakh wi...