Thursday, Apr 25, 2024 | Last Update : 02:33 AM IST
‘Cryptocurrency promoter’ dupes several of Rs 500 crore
The accused, Amit Lakhan Pal, is on the run and is said to have fled the country.
Mumbai: Several persons were cheated to the tune of over Rs 500 crore by a person who had promised them twentyfold returns on investing in Money Trade Currency (MTC), a cryptocurrency.
The Thane crime branch raided the accused person’s office at Ghodbunder Road, but he is on the run and is stated to have fled the country.
The main person behind the scam has been identified as Amit Lakhan Pal who floated the scheme and duped people. The police found that he promoted MTC and claimed to invest in it on behalf of investors. After collecting several crores, Pal shut shop and fled from the country.
“We questioned five persons in the office at Ghodbunder Road and have detained one person. After learning about the company’s back office at Vikhroli, we also raided the premises and the panchnama is underway,” said a senior Thane crime branch officer.
The police said that the office had photos of building projects and he allegedly projected himself as a property developer. The police has registered a case of cheating, and the investigation is underway to locate as many complainants as possible.
