Haryana Police arrests four people in cryptocurrency fraud case

Chandigarh, Jun 10 (PTI) The Haryana Police has arrested four fraudsters, including the main conspirator, for allegedly duping people in the name of online business involving bitcoin transactions.

Director General of Police (DGP) Manoj Yadava said on Thursday that the mastermind- Harinder Chahal alias Sonu Chahal deceived the victims by making them believe that they had bitcoins while the wallets contained fake bitcoins.

He explained that Chahal and his associates used the name of one of the largest cryptocurrency transactions in the world, Binance, and they duped people by pretending to make huge money by investing money online for their bitcoin business.

The DGP said that the matter came to light recently when Pravesh Kumar, a resident of Sector-23 of Sonepat, lodged a complaint with the police that Chahal, a resident of Madha village in Hisar district, had cheated him.

According to an official statement, a case under relevant sections of the Indian Penal Code (IPC) and Information Technology (IT) Act has been registered at Cyber ​​Police Station, Panchkula, the DGP said.

The police started investigation in collaboration with cyber experts and it was found that many people were implicated in the lure of investing in bitcoins and many people were involved in this work.

“In the ongoing investigation, four accused along with his mastermind have already been arrested,” Yadav said.

The DGP said that Chahal created a fake Facebook account under the name Vikas Kumar and claimed to show the wallet address of the cryptocurrency exchange.

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