Deportation of cryptocurrency mastermind,  SIT moves ahead for red corner notice

The Special Investigation Team constituted by the state government to probe Rs 200 Crore cryptocurrency fraud moved ahead to issue a red corner notice against the mastermind.

According to a press release issued on behalf of SIT searches were conducted in various locations in the state and bordering states also to dig out the racket and its operation.

The spokesperson said that the mastermind Subhash Sharma is hiding in Dubai to be deported to India as SIT is moving ahead with a red corner notice with the Interpol.

Today significant operations were conducted by the Special Investigation Team  (SIT) constituted to investigate the cases related to cryptocurrency.

 The SIT has been diligently working to uncover the truth behind this elaborate fraud scheme.  During the course of the investigation, a total of around 35 locations were searched today. 

The searches were done at residential premises of accused/suspect persons at various locations in districts including Kangra, Mandi, Una, Chamba, Hamirpur, Bilaspur,  Shimla, and Baddi. 

Searches were also conducted in Punjab and Chandigarh. These searches have yielded crucial evidence, including incriminating documents, property records, mobile phones, and other digital devices.

 Additionally, we have seized vehicles and obtained various details related to the proceeds of the crime.

We are resolute in our pursuit of those who have orchestrated this cryptocurrency scam, manipulated the market, and exploited innocent investors. 

The evidence collected during these searches will play a vital role in our ongoing investigation, and it brings us one step closer to holding the culprits accountable for their actions.

 We are committed to a  thorough and fair investigation, leaving no stone unturned in our quest for justice. 

We appeal to the public to exercise caution and refrain from investing in schemes that promise unusually high returns within a short period.

 Financial security and investments should always be approached with care and due diligence.

 If something appears too good to be true, it likely is. Protect your hard-earned money by investing through legitimate and regulated avenues. The searches are still continuing.