Standard Chartered employee arrested over cryptocurrency and other scams
"The accused Sandeep Singh Dua, who currently works as a Manager in
During investigation, Sandeep Singh Dua said that he was a active member of a gang of cheats and businessmen who used dummy accounts of shell companies for transactions to avoid income tax, Singla added.
"Dua was working as a conduit between account holders of shell companies and cheats. Earlier, he had worked as a Manager with Axis Bank and Yes Bank in the national capital," he added.
The financial frauds came to light when one Arun Kumar, a resident of Delhi's Ghonda filed a complaint against a gang of cheats that cheated him to the tune of over Rs 14 lakh to invest in newly launched cryptocurrency "Kashhcoin", he said.
As per RBI guidelines, "the creation, trading or usage of virtual currencies including
"During probe, six of Dua's accomplices, identified as Narender, Asif Malkani, Baljeet Singh Saini, Pradeep Arora, Sunil Kumar, Puneet Mahindru and Ashok Goel have also been arrested," he said.
During investigation, it was found that accused persons orgainsed seminars in various states including Delhi to invest in their crypto currency in order to lure investors.
They collected public money through several bank accounts including the accounts of Jaipuria Buildcon Pvt Ltd, the company of Ashok Goel, Sunil Kumar and Pradeep Arora. They later disclosed the name of Dua in the conspiracy," he added.