Himachal Pradesh $300M crypto scam: 8 more arrested, including 4 police officers
The scam has affected over 1,000 police personnel and revealed the involvement of government employees who invested substantial sums.
cryptocurrency
Highlights
- Eight more individuals, including four police officers, have been arrested in connection with a $300 million cryptocurrency scam in Himachal Pradesh, India
- The scam targeted people in the Hamirpur and Mandi districts of Himachal Pradesh, with some investors from Haryana and Punjab
- The police have seized 80 mobile phones and property valued at 8.5 crore rupees as evidence
In a significant development in the ongoing investigation of a cryptocurrency scam valued at $300 million in Himachal Pradesh, India, a Special Investigation Team (SIT) has arrested eight more individuals, including four police officers, bringing the total number of arrests to 18.
According to a report by The Crypto Times - the arrested police officers have been identified as:
- Naresh Kumar of Samlehra village in Barsar Tehsil, Hamirpur district
- Lady Constable Jyoti from Didwin village in Barsar Tehsil, Hamirpur district
- Balbir Singh from Chhatrayana village in Sarkaghat Tehsil, Mandi district
- Sunil Kumar Chandrani from Kalbari, Bijhari, Hamirpur
Himachal: Biggest crypto scam
— Aditi Thakur (@___Aditi___) November 6, 2023
Thousand crores ,crypto scam unleashed.
#scam #crypto #HimachalPradesh #shimla #cryptomarket pic.twitter.com/O0LDUy18nz
$300M scam unveiled
Previously, the SIT had conducted raids on the homes of 25 agents, including a female police constable, in Hamirpur who were involved in deceiving people into investing in cryptocurrency. This crypto fraud affected more than 1,000 police personnel.
Deputy Chief Minister Mukesh Agnihotri has announced that more arrests are expected in this multi-crore scam. The police have managed to recover the entire website that contained a list of individuals who had invested in cryptocurrency. Some individuals even left their jobs to become agents and earn commissions by persuading others to invest in cryptocurrency.
Most of the investments came from people in the Hamirpur and Mandi districts of Himachal Pradesh, with some investors from Haryana and Punjab. The SIT is currently investigating the flow of the invested money. Additionally, the police have seized 80 mobile phones as evidence.
It has been revealed that in addition to individuals who received compensation for their land acquired for infrastructure projects, around 5,000 government employees, including police personnel, had invested significant sums in this scam.
The SIT has reconstructed the website involved in the crypto scam, which had approximately 250,000 user IDs. The police have also seized property valued at 8.5 crore rupees in various locations in Himachal Pradesh and Zirak.
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