Thane police commissioner lauds India Today’s expose on crypto-currency scam
Parambir Singh, Commissioner of Police, Thane (Picture- @ANI)
- Commissioner Parambir Singh commens India At the moment expose
- The expose was on the crypto-currency rip-off value Rs 500 crore
- Singh mentioned that the police power will take into account particulars of the expose
Thane Police Commissioner Parambir Singh congratulated India At the moment and Aaj Tak for the expose — Operation Bitcoin — which uncovered scamsters who duped 25,000 buyers for over Rs 500 crore.
Singh acknowleged the uncovered whereas he was talking on the press convention in regards to the crypto-currency rip-off.
“I congratulate India At the moment on bringing to mild the rip-off run in title of Cash Commerce Coin (MTC). The expose helped complainants come ahead and realise that they had been being duped by rip-off kingpin Amit Lakhanpal and his associates. I have to praise India At the moment on this, we’ve got seen the story, many evidences had been dropped at mild by India At the moment. We’re bearing in mind these particulars,” mentioned Singh.
Amit Lakhanpal, kingpin of this rip-off, has fled the nation after duping buyers. He was helped by Digambar Jangle, a police officer at Thane police headquarters. Jangle is absconding too and is alleged to be with Lakhanpal in Dubai.
Amit Lakhanpal created a picture of himself as bussinessman by write-ups in magazines together with Forbes Center East. Equally, he managed to garner consideration by conferences with Bollywood personalities, politicians and high businessmen.
He launched ICO (Preliminary Coin Providing) within the well-known Burj-Al-Arab resort in Dubai with who’s who of India and UAE.
Buyers fell prey to all this and invested closely with him. He had launched 105 million MTCs (Cash Commerce Cash) and had mined round 200 million such cash which he initially provided at USD three every however later took it to six,000 making it attain the billion greenback mark.
The rip-off solely got here to mild when buyers began asking for return of their promised quantities on which he defaulted a number of occasions.
Thane police mentioned cash laundering angle has additionally emerged within the rip-off and assist from ED can be sought relating to the identical.
“We’re probing cash laundering angle as nicely. His affiliate has been arrested whereas the hunt is on to arrest others concerned,” mentioned Singh.
“The suspect had additionally informed about their connection in Caribbean nations like Antigua and Barbuda and paperwork associated to which have even been recovered and they’re being examined,”mentioned one other senior officer from Thane crime department.
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