G H Raisoni school of Business

Management .
G H Raisoni Institute Of
Management and Research.
Presented By: Mentors:
• Alkaaf Kachhi Shadab Khan
• Taniya Gravkar Radha Tonpe
• Ankit Thakre Ayushi Dhanvijay
• Himanshu Dekhate
• Adiba Ahmed
Case Study on Bike
Bot Scam

Did you know that Bike Bot scammed investors

out of more than $1 billion?
Our presentation dives deep into the facts and
figures behind one of India's largest Ponzi
schemes. Lets understanding how Bike Bot
worked, who was involved, and what lessons can
be learned from this cautionary tale.
Faces Behind the Scam
Sanjay Bhati
The mastermind behind the fraud
who targeted people in the name of
bike taxi services and offered high
returns on their investment.
Rakesh Bhardwaj
The man in charge of managing the
company’s accounts and finance. He
was responsible for handling the
transactions and money laundering.
Rahul Mishra
The operational head of the
company who executed the fraud by
using chain marketing techniques.
Shivendra Mishra
Assisted Rahul Mishra in promoting
the scam and also managed the team
of promoters.
Background of the
Bike Bot Scam
Bike Bot was marketed as a bike taxi service that operated
on an MLM model. People were encouraged to invest in
the company, and in return, they were promised high
returns on their investment. The company claimed to have
more than 20,000 bikes on the road and was touted to be
India's largest bike taxi service provider.
How did the Bike Bot Scam work?
The payout

The investment Investors were paid back their

Investors were asked to
purchase Bike Bot franchise
units for a minimum of
62,100 rupees each.
initial investment with profits
for a few months, but soon the
payments stopped, and the
scheme collapsed.

1 2 3 4

The promise The chain

Investors were promised huge
returns from a ride-sharing app
called Bike Bot, which would
pay them for each ride
completed using the app.
Investors could earn
money by recruiting
more investors, and the
number of investors in
the chain expanded
rapidly.
The Aftermath of the Scam

Financial Losses Arrests made Court Cases

The investors lost a total Several of the key The court cases have
of 2000 crore INR in the players involved in the been going on for years,
scam which aimed to scam were arrested, with the investors
target people living in including Sanjay Bhati, fighting for their lost
small towns and cities. Rahul Mishra, and money, while the
Rakesh Bhardwaj. accused are trying to
escape from the case
with a lesser sentence.
Legal Actions Taken Against the
Perpetrators
1 Arrests 2 Investigations 3 Punishment
The mastermind behind The investors filed As the case is still
the fraud, Sanjay Bhati, multiple cases against ongoing, the
the operational head the scamsters, and the verdict and
Rahul Mishra, and the Narcotics Control punishment have
manager of accounts and Bureau (NCB) and not been
finance Rakesh Bhardwaj Economic Offenses announced. The
were arrested by the Wing (EOW) are accused face
police. Many other agents conducting imprisonment and
and dealers were also investigations against a hefty fine if
caught by the authorities. the accused. they are found
guilty.
What to Do If You Become a
Victim of a Scam

Contact authorities Seek support Seek legal advice

Report the scam to your Reach out to friends and Consult with an attorney
local police or regulatory family for support during to discuss your legal
agency. this difficult time. options.
Conclusion and Key Takeaways
Be Wary of High Returns
High returns should always be
held suspect.
Do Your Research
If you're investing money into
something, always do your due
diligence.
Investments Always Have Risk
All investments carry risk, so be
prepared that you may not get back
as much as you put in.
Be Vigilant and educated
If it looks too good to be true, it
probably is. Be cautious of
advertisements that sound too good
to be true or that offer high returns
in a short amount of time
Thankyou