Himachal deputy chief minister Mukesh Agnihotri stated that more than 300 complaints have been received about a multi-crore cryptocurrency scam. The fraud began in the state in 2018.
According to an official statement, he had presided over a meeting on Friday to discuss the action being taken against the offenders, who deceived people by guaranteeing them high returns on investments in a short amount of time.
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According to Agnihotri, people should take precautions to avoid becoming victims of ponzi schemes and cryptocurrency scams.
According to the statement released on Saturday, he said, “I’m observing that complaints have been pouring in from numerous districts of the state whereby folks have been cheated by the kingpin of the cryptocurrency fraud.”
Agnihotri Vows Justice: Over 300 Cryptocurrency Fraud Complaints,Agnihotri Vows Justice: Over 300 Cryptocurrency Fraud Complaints
According to Agnihotri, ten of the offenders from Mandi and two from Una have been taken into custody thus far in connection with the case. He went on, “Subhash Sharma, the kingpin, from Sarkaghat in the Mandi district, is still at large and can be captured very soon.”
The deputy chief minister urged people to avoid investing in the unregulated cryptocurrency sector because it leaves them vulnerable to scams, manipulation of the market, and security lapses.
The criminals from the Mandi district of the state invented a local cryptocurrency and defrauded hundreds of people out of many crores of rupees. According to the statement, the scam began in 2018.
Sanjay Kundu, Director General of Police (DGP), stated that around 2.5 lakh distinct IDs were present on the website used for the cryptocurrency fraud. He said that there have been 70 to 80 imposters who have made more than ₹2 crore from over one lakh consumers.
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He continued by saying that properties worth ₹8.5 crore have already been taken by police from many places in Zirakpur, Punjab, and Himachal Pradesh.
The Union Ministry of Residence Affairs has promised assistance, and we’re collaborating with the Punjab police,” the disgruntled DGP stated, adding that legal action was being taken against the offenders under the 2019 Banning of Unregulated Deposits Schemes (BUDS) Act.
Agnihotri Vows Justice: Over 300 Cryptocurrency Fraud Complaints,Agnihotri Vows Justice: Over 300 Cryptocurrency Fraud Complaints,Agnihotri Vows Justice: Over 300 Cryptocurrency Fraud Complaints , Cryptocurrency Fraud Crypto news, Cryptocurrency Fraud coin News