Agra Police Arrest Two for ₹100 Crore Cryptocurrency Fraud

Major Cryptocurrency Scam Uncovered in Agra

In Agra, law enforcement has apprehended two individuals accused of defrauding investors of ₹100 crore under the guise of cryptocurrency investments. On Sunday, Deputy Commissioner of Police Aditya revealed that the suspects, Vinod and Vinay, were brought from Noida for questioning two days prior. They were arrested on Saturday evening at the cyber police station after sufficient evidence was gathered against them.

Vinod hails from Baghpat, while Vinay is from Lucknow. Authorities reported that the duo created fraudulent websites related to cryptocurrency and organized seminars in prominent hotels during 2019, 2020, and 2021 to attract attendees.

During these seminars, they lured participants with promises of substantial returns on their cryptocurrency investments. The Deputy Commissioner noted that a significant number of individuals fell victim to their scheme and invested their money.

Approximately 1,500 people in Agra alone were duped into investing. Preliminary investigations have revealed that around ₹100 crore was collected from individuals across Haryana, Himachal Pradesh, Uttarakhand, and Uttar Pradesh, with the funds now missing.

Additionally, it was mentioned that one of the arrested suspects' accomplices, Ajay, had already been incarcerated by Agra police, while four other associates remain at large and are currently being pursued.