Indore’s ‘Crorepati Beggar’ Arrested After Police Raid Reveals Hidden Wealth
In a shocking revelation from Indore, a man who begged on the streets for three decades has been exposed as a multi-millionaire with assets worth crores, who even lent money to local jewellers.
Key Takeaways
- Bharat Jain, a 50-year-old beggar in Indore, was found to own two houses and have over ₹1 crore in the bank.
- He was arrested after a police raid uncovered cash, jewellery, and property documents at his home.
- Jain had been begging near Rajwada Palace for 30 years while secretly operating as a money lender.
Three Decades of Deception
Bharat Jain, in his 50s, was a familiar sight begging on the streets of Indore for the past 30 years. Most locals knew him as a regular face near the historic Rajwada Palace area.
The Hidden Fortune
Behind the beggar’s facade was a wealthy individual with two city properties and a bank balance exceeding ₹1 crore. Investigations revealed he was known in certain circles as a money lender to jewellers.
Police Raid and Arrest
The truth emerged when police, acting on a tip-off about illegal activities, raided his residence. The raid yielded substantial cash, jewellery, and crucial property documents.
Bharat Jain is now in police custody and under interrogation. Authorities are probing the exact sources and methods behind his massive wealth accumulation while maintaining a beggar’s lifestyle.
Public Reaction
The incident has stunned Indore residents. Many who regularly offered him alms are now questioning the ultimate destination of their charitable donations.
