The Bandra police have registered a cheating case against six people on Tuesday for allegedly defrauding a 49-year-old share trader. The accused posed as owners of a crypto currency company and under the pretext of selling Bitcoin to the complainant, accepted cash from him and duped him of Rs 1.5 crore.
The Bandra police have booked Abur Sode, Dhanjibhai Ravariya, Zeeshan Shaikh, Indrajeet Latif, R Abdul Latif and Ramkumar Dharmak on the complaint of Parel resident Yogesh More.
As per the FIR, in the year 2021, the six accused persons posing as owner and senior functionary of ‘Cryptex Finsol company’ allegedly lured More into a deal involving Bitcoin.
The accused promised that they would help More purchase Bitcoin at a reasonable rate using their company. They then accepted money in different bank accounts and Rs 42 lakh cash from More, totalling up to Rs 1.5 crore. However, they failed to deliver on their promises and also didn’t return the money invested by More, the police complaint stated.
After waiting for a long period, More realised that they had no intention of returning the money and eventually approached the police.
An officer from the Bandra police station confirmed the development and said that the six accused have been booked under sections 406 (criminal breach of trust), 420 (cheating) and 34 (common intention) of the Indian Penal Code. Case details can not be shared at this stage as the investigation is under process, the officer said.