Rs 400 Cryptocurrency scams may target one lakh people in the country: DGP

Himachal Pradesh Police Chief Sanjay Kundu stated today that Rs 400 crore liabilities of one lakh people are involved in the cryptocurrency scam as thousands of Crores of the transaction was involved in it. 

He said that the state government has constituted an SIT to probe the crime and went into depth about the scam as in Himachal 2.5 lakh IDs. were created.

Director General of Police (DGP) Sanjay Kundu said that about one lakh people from the country and the state are involved in this scam. In the investigation so far, transactions worth Rs 2300 crore have been found, while the liability is Rs 400 crore. People have committed a crime by investing in cryptocurrency.

He said that cryptocurrency transactions are banned under the Unregulated Deposit Scheme Act 2019′ by the Government of India.

This type of investment is illegal under Sections 3, 4, and 5 of this Act.

DGP Sanjay Kundu said that investing in an unorganized sector like cryptocurrency and luring others to invest are both crimes. There is a provision for a maximum punishment of up to 10 years and a fine of Rs 10 lakh. 

There is a provision for punishment in Sections 21, 22, and 23 of The Banning of Unregulated Deposit Scheme Act 2019.

He said that some people are still holding out hope that they will get the money. He warned those people who are still luring people into investing by luring them with the hope of doubling their money. 

Police would take strict action against such people.

Two masterminds have been arrested by the police. No one would be spared. He has appealed to the people of the state not to invest in cryptocurrency. The truth is that its real kingpin, Subhash Sharma of Mandi, has fled the country.

DGP Kundu said that last night itself the police had frozen property worth one crore. There are preparations to freeze property worth Rs 5 crore soon. He claimed to have mapped the properties of all the masterminds of cryptocurrency.

The Unregulated Deposit Scheme Act 2019 gives the Secretary of Finance the power to freeze assets. Therefore, the cases of provisional attachment of the property which has been frozen by the police are being sent to the Secretary of Finance. The designated court session judge is in Shimla.

DGP said that the fraudsters made people invest by promising to earn double the money and a large number of people became victims of fraud. He appealed to the people that those who have been cheated should definitely inform the police.

Cryptocurrency fraud in Himachal was exposed after the formation of SIT under the chairmanship of DIG Northern Range Abhishek Dullar. In fact, during the monsoon session of the Assembly, Dehra MLA Hoshiar Singh raised the issue of cryptocurrency scams in the Assembly.

Then in the absence of the CM, Deputy CM Mukesh Agnihotri assured to form a SIT to investigate this. A day later, the DGP formed the SIT and within a week the SIT arrested two masterminds from Gujarat.

In this case, apart from Himachal, SIT has collected evidence by raiding the hideouts of the suspects in Gujarat, Punjab, Chandigarh, Haryana, Delhi, and Uttar Pradesh. During this time, the police also revealed the property created by the master mind with the cryptocurrency money.

This fraud was carried out through crypto coins and different websites. In this mega scam, a large number of common people as well as police personnel have become victims of fraud. If sources are to be believed, half a dozen people associated with Himachal Police have opted for this black earning by taking premature retirement (VRS).

Head constable Sunil, who belongs to Hamirpur district, was also arrested by Mohali police one and a half weeks ago. Similarly, there is a complaint against a woman from Hamirpur in Mandi Cyber ​​Cell of fraud of Rs 11 lakh.