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Businessman Loses ₹18 Lakh in Crypto Scam
8 Apr
Summary
- Businessman defrauded of nearly ₹18 lakh by a six-member gang.
- Suspects lured victim with cheaper Tether cryptocurrency (USDT).
- Three arrests made; police searching for remaining accomplices.
A businessman fell victim to a cyber-financial fraud, losing approximately ₹18 lakh to a six-member gang. The suspects enticed the complainant with an offer to provide Tether cryptocurrency (USDT) at a reduced price. Following negotiations, a deal was finalized for 26,000 USDT worth ₹25 lakh.
During a meeting on March 28 at a Goregaon hotel, the victim transferred ₹17,93,600 after being shown a large quantity of USDT. However, the promised cryptocurrency was never delivered. The accused provided evasive responses when confronted, leading the victim to report the incident to the Kurar Police.
Three individuals, identified as Vishwanath Nilakandan Shettiyar, Tushar Madhav Umap, and Rakesh Eknath Sawant, have been arrested and remanded to judicial custody. Police are actively pursuing the remaining members of the gang to bring them to justice.
