Ankit Jayesh Mashru granted bail after being charged with alleged seven figure fraud

A Gold Coast man who allegedly scammed the city’s Indian community out of huge sums has been granted bail under strict conditions. FULL STORY

The accused Ankit Mashru. PIcture: Supplied

A Gold Coast man accused of scamming the city’s Indian community out of an alleged seven figure sum has been freed on bail.

Ankit Jayesh Mashru faces multiple charges of fraud worth $100,000 or more, with police alleging he pocketed millions of dollars through his scheme.

It is alleged he swindled several people out of a combined $2.4m between November 4, 2021 and October 10, 2024.

The 34-year-old Pimpama man now also faces one new charge of fraud, dishonestly inducing the delivery of property value of at least $100,000 which is alleged to have occurred between November 4 2021 and October 10 2024.

The Mr Mashru was arrested in October after surrendering himself at the Coomera police station.

He has spent the past month behind bars on remand after his initial bail application on the first fraud charge was refused on October 12.

However, Mr Mashru was freed on bail after an assurity paid the value of $50,000 for him to be released from custody at Arthur Gorrie Correctional Centre on Tuesday.

Magistrate Dominic Brunello granted the Pimpama man’s bail with several strict conditions, including that he surrender his passport, not leave the country and have no contact with any of his alleged victims.

Mr Mashru is due to reappear in court on December 19.