Balangir, Jan 20:Balangir district police in Odisha has arrested seven members of a cryptocurrency gang who allegedly duped hundreds of investor with fraudulence ways.
A luxury car and important documents related to the crime were seized from the possession of the accused, sources said.
The accused have been identified as Prasant Meher, Dushmanta Meher, Hemant Meher, Amiya Pradhan, Kumar Pradhan, Kishore Deep and Subrat Ojha who hail from Balangir.
According to reports, the gang members were involved in cryptocurrency transactions.Prasant Meher , who is said to be the kingpin, was allegedly luring people by promising Thailand and Dubai tours. They were connecting people through mobile Apps and attractive Websites.
With the online tools, they had collected approximately Rs 12-15 crore from moneyed investors through cryptocurrencies. They were also running a multi-level marketing company named ‘Pegmatite Sustainable Solutions Private Limited’ to cover their fraudulence transactions, a senior police official said.
On the basis of complaints, the police investigated into the matter and cracked the gang, said the investigating officer during a media briefing.