Cryptocurrency scam case: SIT raids 41 locations in Himachal Pradesh, one arrested

The Special Investigation Team (SIT) probing the alleged multi-crore cryptocurrency scam on Sunday raided 41 locations in Himachal Pradesh and arrested a key accused. Police gave this information on Sunday. Police said Abhishek Sharma, a resident of Ona district, is one of the four main accused in the scam that started in 2018, in which the fraudsters allegedly used locally-made (Mandi district) cryptocurrency. People were contacted regarding investment schemes. According to the police, two prime accused Sukhdev and Hemraj were arrested earlier in Gujarat and during interrogation both admitted that they had debts of Rs 400 crore. The alleged mastermind of the scam, Subhash, is still absconding and reportedly hiding in Dubai, police said.

In the statement released by the police, it is said that Abhishek has been arrested by the SIT and produced in the court. According to the statement, the court sent him to police custody for five days. It has been reported that 25 raids were conducted in Hamirpur, seven in Kangra, four in Bilaspur, two each in Mandi and Una and one in Solan district. It said important evidence was recovered during the search, including criminal documents, property records, mobile phones and other digital devices. Director General of Police (DGP) Sanjay Kundu told PTI, “The evidence collected during the raid will play an important role in our investigation and will bring us one step closer to holding the culprits accountable for their actions. Will bring.” He said that so far 10 people have been arrested in this case.

Police said the accused lured people by promising them good income in a short period of time and created a network of investors. He said that three to four types of cryptocurrencies were used and fake websites were created in which the prices of cryptocurrencies were manipulated and inflated. Cryptocurrency is a digital or virtual currency. It is a decentralized currency, which means it is not controlled by any government or institution. According to officials, more than 1,000 police officers have also been victims of fraud. He said that most of them were cheated of crores of rupees and some made huge profits and opted for Voluntary Retirement Scheme (VRS) and became its promoters. The police have warned the general public to be vigilant and be wary of such investment schemes, especially in the cryptocurrency sector.

abandonment: Prabhasakshi has not edited this news. This news is published by PTI’s oral feed.

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