Crypto fraud: Navi Mumbai cyber police freeze accounts worth Rs 32.66 cr

The Navi Mumbai cyber police conducting the probe into a cryptocurrency fraud have frozen several bank accounts involving amounts worth Rs 32.66 crore, an official said on Wednesday. Senior police inspector Gajanan Kadam of the cyber police station in Navi Mumbai said they received a cheating complaint in August from a man who claimed to have invested more than Rs 6.6 crore in cryptocurrency trading. The man stated in the complaint that a woman caller befriended him and later asked him to invest in cryptocurrency trading while assuring good returns. As the complainant started investing huge amounts, he received a total of Rs 75 lakh in returns on various occasions, but later stopped getting the same, the official said. An offence in this connection was registered with the cyber police under various sections of the Indian Penal Code and the Information Technology Act. A police probe team enquired with various banks where the money was paid by the complainant and as a first step, go

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