 "Fraud, Online scam, scam")
Cryptocurrency is a digital forex secured by cryptography, working on decentralized networks utilizing blockchain expertise. (Picture: Shutterstock)
Police in Maharashtra have booked 19 members of the identical household for allegedly duping two siblings of over Rs 1 crore in a cryptocurrency rip-off. The incident occurred in Thane district, the place a person and his brother had been lured into the scheme with guarantees of multi-fold returns on their investments.
After realizing that they had been scammed, the 42-year-old sufferer lodged a grievance at Rabodi police station on Wednesday. The overall worth of the siblings’ mixed funding was Rs 1.17 crore.
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Accused promised 12 occasions return on funding
The police have booked people recognized as Sabir Yakub Ghachi (50), Shakir Yakub Ghachi (45), Ruhiha Shakir Ghachi (39), and a number of other different relations. They’re accused of convincing the victims to spend money on the scheme by promising them returns of as much as 12 occasions.
In hopes of securing massive positive factors, the siblings invested Rs 91.53 lakh and Rs 25.69 lakh beginning in March 2022. Nevertheless, the rip-off got here to gentle after the accused didn’t return the investments. In accordance with the grievance, the victims obtained evasive responses and had been issued threats. The accused additionally intimidated them by claiming that they had connections with influential people.
The sufferer then approached the police, an official mentioned.
A case has been registered below numerous sections of the Bharatiya Nyay Sanhita (BNS) and the Maharashtra Safety of Curiosity of Depositors (in Monetary Institutions) Act, 1999, police mentioned. No arrests have been made up to now.
For these unfamiliar, cryptocurrency is a digital forex secured by cryptography, working on decentralized networks utilizing blockchain expertise. Bitcoin, created in 2009, is likely one of the most well-known cryptocurrencies on the planet.
First Revealed: Oct 03 2024 | 10:14 am ist
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