BHUBANESWAR: The economic offences wing (EOW) of the state crime branch unearthed a scam worth Rs 144 crore by a company that had been illegally operating ponzi business in the guise of crypto trading in Odisha and in other states and arrested a key accused from Pune on Sunday.
The accused was identified as Vishal Sakharam Utkar, a resident of Latur in Maharashtra. Acting on a tip-off, the EOW sleuths arrested him from Mundwa area in Pune.
Utkar is a part of a bigger gang which lured thousands of people in Odisha and outside into investing in crypto mining. The gang created a mobile application, named Getso, and fraudulently claimed to have its headquarters in Washington, USA.
The company offered 6% returns daily on the invested money and a daily withdrawal facility.
It sent bulk messages to people via WhatsApp and Instagram and lured them to invest money in crypto mining and get hefty returns overnight. “Many people fell into the trap and lost their money,” EOW’s inspector general of police J N Pankaj said.
The EOW recently received a complaint from one of the victims here and learnt that the company allegedly duped thousands of investors across the country of Rs 144 crore.
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