CB registers case in crypto currency fraud
Representational pic

CB registers case in crypto currency fraud

Crime Branch Kashmir Saturday registered a case against a private company, GAINBITCOIN, for inducing people to invest their crypto-currency in the company to fraudulently grab their hard-earned money.

Crime Branch Kashmir Saturday registered a case against a private company, GAINBITCOIN, for inducing people to invest their crypto-currency in the company to fraudulently grab their hard-earned money.

In a press release issued here, CB spokesperson said that the department received a complaint from aggrieved persons, stating that they had purchased BITCOIN worth lakhs of rupees and subsequently one representative of a company viz" GAINBITCOIN" approached them and invited  to invest their Bitcoins in the said company and the company will repay 180 percent in lieu of the Bitcoins they invest. 

During the course of an enquiry, it came to fore that complainants had purchased bitcoins from ZEBPAY by investing their hard earned money. Thereafter one Manjeet Singh Saho representative of GAINBITCOIN induced them to invest their Bitcoins in the said company with the assurance that the company will return 1.8 Bitcoins in lieu of one Bitcoin in a period of 18 months. 

The company GAINBITCOIN was found affiliated and working on the platform of Variabletech Pte. Ltd owned by Amit Bardawaj, Ajay Bardawaj and Mukesh Chandra. 

"They hatched criminal conspiracy with Manjeet Singh Saho to induce the people to invest their Bitcoins in their company and then fraudulently and dishonestly grabbed their hard earned money," the spokesperson said. 

No stories found.
Greater Kashmir
www.greaterkashmir.com