I contacted a friend of mine who is pursuing law he suggested that we should talk to some NGO's or trusts about this possible scam as they have proper resources and can handle such cases more easily.

Thank you for this insightful post. This has saved my father from fraud.
My father was going to invest huge sum in this scheme due to demonetisation.
This is being done on a huge scale in delhi as my father has attended a seminar, he was referred into this scheme by his friend who has already invested millions of rupees in this scheme. And this has become popular between property dealers.
We should complain to Sebi or any other regulatory for the inconsistencies before this become a very huge crisis.