The Ambala police have arrested a Hisar resident for allegedly duping an Ambala Metropolis resident of Rs 6.90 crore by promising exorbitant returns on investments in cryptocurrency.
The accused, recognized as Mahesh Kumar, allegedly lured the sufferer with assurances of six-fold returns on the funding together with an extra 2% curiosity.
In keeping with the police, the complainant, Narender Kumar of Ambala Metropolis, approached the police in March this 12 months, alleging that Mahesh Kumar and his associates had cheated him by inducing him to speculate in a purported cryptocurrency scheme.
Between August 2022 and March 2026, the sufferer invested Rs 6.90 crore. To rearrange the funds, he exhausted his financial savings, borrowed cash from kinfolk and even bought his family gold. When he later demanded his a reimbursement, the accused allegedly threatened him with dire penalties.
Based mostly on the grievance, the police registered a case and launched an investigation. A crew from the Ambala Cyber Cell subsequently arrested Mahesh Kumar. Throughout his police remand, investigators will search details about the opposite accused and try to get better the defrauded quantity.
The investigation has revealed that Mahesh Kumar is a recurring offender. Circumstances of dishonest have already been registered in opposition to him in Gurugram and Bhiwani. The police suspect that the gang’s community might lengthen to different states.
Ambala SP Ajit Singh Shekhawat mentioned, “The cybercriminals goal most of the people by luring them with guarantees of in a single day wealth and better earnings. Folks shouldn’t make investments their hard-earned cash in cryptocurrency and different schemes on the idea of the persuasion of strangers or with out verifying the small print. Folks ought to contact the police and report suspicious actions.”
