HP: Man remanded to police custody in crypto currency scam
18-Jul-2024 11:27 PM 6020
Shimla, Jul 18 (Reporter) A special court here on Thursday remanded main suspect in Multiblion crypto currency scam to police custody for two days. DIG Northern Range Abhishek Dullar confirmed to UNI that in a major breakthrough, Milan Garg (35), a suspect implicated in a Rs 1,740 crore cryptocurrency scam, was apprehended in Kolkata. Garg, hailing from Meerut in Uttar Pradesh, was detained by immigration officials at Netaji Subhas Chandra Bose International Airport on Monday while attempting to flee to Dubai. The Kolkata police, informed of his detention, coordinated with the Himachal Pradesh Police, leading to Garg's transfer to Shimla. He was produced in Sessions court today and remanded to police custody for two days. Garg's arrest is pivotal in the investigation of a scam that defrauded around one lakh people in Himachal Pradesh through fraudulent websites and crypto coins. He developed digital coins such as DGT Coin, Fish Token, Hypnext Coin, and Corvio Coin, which were bought by investors hoping for high returns. The Special Investigation Team (SIT), led by DIG Abhishek Dular, has so far arrested at least 70 suspects linked to the scam. However, the prime mastermind, Subhash Sharma, remains at large. Initially believed to be in hiding in Dubai, Sharma has since moved to another country. Sharma also created five shell companies -– Soymans India Pvt Ltd, UBB Associates LLP, UBB Records LLP, Subro Technologies Pvt Ltd and Him Jan Sewa Foundation -– to launder the fraudulent proceeds. These companies were registered with the Registrars of Companies (ROC) in Chandigarh, Delhi and Himachal Pradesh. The SIT has filed four chargesheets against the suspects in a special court designated for cases under the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019. The investigation continues as authorities intensify efforts to locate Sharma and other accomplices involved in the extensive cryptocurrency scam. The Himachal Pradesh government formed a 13-member SIT, led by Dular, to probe the scam and surprisingly about 1,500 police personnel were also duped by the the crypto currency racket spanning many states of India. On September 16, 2023, SIT took up the investigation and in October 2024, a red corner notice was issued by the Interpol to trace the whereabouts of culprits and bring them to India...////...
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