The Navi Mumbai cyber police conducting the probe right into a cryptocurrency fraud have frozen a number of financial institution accounts involving quantities value Rs 32.66 crore, an official stated on Wednesday.
Senior police inspector Gajanan Kadam of the cyber police station in Navi Mumbai stated they obtained a dishonest grievance in August from a person who claimed to have invested greater than Rs 6.6 crore in cryptocurrency buying and selling.
The man said within the grievance {that a} lady caller befriended him and later requested him to spend money on cryptocurrency buying and selling whereas assuring good returns.
As the complainant began investing big quantities, he obtained a complete of Rs 75 lakh in returns on varied events, however later stopped getting the identical, the official stated.
An offence on this connection was registered with the cyber police underneath varied sections of the Indian Penal Code and the Information Technology Act.
A police probe workforce enquired with varied banks the place the cash was paid by the complainant and as a primary step, received accounts involving quantities value Rs 32,66,12,091 frozen over the previous couple of weeks, the official stated.
Based on a number of leads, the probe workforce within the final week of September zeroed-in on two individuals from Ghatkopar in neighbouring Mumbai.
The police later arrested the 2 individuals, recognized as Balu Sakharam Khandagale (42) and Rajendra Ramkhilavan Patel (52), the official stated.
During the probe, it was revealed that the arrested individuals had handed over cell numbers, checking account particulars, cheque books and ATM playing cards of varied individuals to others concerned within the crime.
Efforts are on to nab the others concerned within the crime, the police added.
