Samajwadi Party leaders lose money to Kanhaiya Lal Gulati's alleged Canviz Company fraud

Kanhaiya Lal Gulati, owner of Canviz Company, is accused of defrauding more people, including Samajwadi Party leaders, who lost their investments. SP leaders Vishal Agarwal and his associates reported to the SSP, alleging Gulati promised 5% monthly profit for 20 months and return of principal after 22 months, but defaulted. The SSP has ordered an investigation into the matter. Many victims reportedly invested money after taking loans or selling property.