Crime Branch probes Rs 80-crore fake cryptocurrency fraud
New Delhi: Crime Branch of Delhi Police started their investigation on Rs 80 crore fraud done in the name of fake cryptocurrency. Sources claimed that the investigating agency received six complaints and arrested one accused in the case.
Police sources told Millennium Post that links of the alleged fraud also connected to Dubai and is being investigated.
Deputy Commissioner of Police (Crime) Bhisham Singh told Millennium Post that they have arrested Rohit Kumar after receiving the complaint of more than Rs 2 crore fraud in the name of fake cryptocurrency MTC.
"Kumar with the help of Amit Madanlal Lakhanpal, Rohit Kumar, RK Shah and others committed the crime," police said.
The arrested 32-year-old accused lives in Burari and BA graduate.
"One mobile phone and a laptop seized. Further investigation is in progress," said DCP Singh. Kumar was booked under sections 420, 120B of IPC , 66 IT Act, 4 PCM Act.
Highly placed sources told that so far six complaints received amounting Rs 80 crores. "The gang committed the fraud in all over India," police said.
MTC used to lure investors promising ten to twenty times returns in just four to six months.
"The coin is totally fake," police said. Sources further claimed that to lure public, the accused held several seminars, threw parties in several prominent hotels in Delhi.
"One of the accused lives in Dubai and two other associates arrested by another state police," sources claimed.
More than 50 persons suspected to be cheated by the gang, sources added.
One of the accused in the case called himself a suspended officer from Delhi Police.
"During an event, one of the accused covered himself with gold, possible future investors thought he was very rich," complainant told police.
Later, the gang members claimed that MTC coin soon to be endorsed as valid currency.
"To gain the trust of possible investors, the criminals also showed them photos with prominent personalities in India," complainant further claimed.
"During another event, one of the gang member posed himself as the member from Ministry," stated one of the complaints.
The investigation is also on an event held in another country.