Saturday, February 4, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Cryptocurrencies

Manager among two held for defrauding people to invest in Cryptocurrency; 5.5 lakh recovered | Ludhiana News

MtR by MtR
June 24, 2021
in Cryptocurrencies
0


PATIALA: The Ropar Police claims to have busted a racket involved in ‘Cryptocurrency’ investment and arrested two of its members including a Bank Manager in Ropar.
The police said that the accused identified as Gagandeep Singh of Shri Chamkaur Sahib is a Branch Manager of Bank of India, Morinda while the accused Mandeep Singh of Majitha road Amritsar defrauded with the people to invest the amount in ‘Cryptocurrency’ using different investment applications including Bitcoin and E-Dinnar. The police also claimed to have arrested Gagandeep Singh and Mandeep and also recovered Rs 5.5 lakh from Mandeep so far.
Ropar senior superintendent of police (SSP) Akhil Chaudhary said the fraud came to light after victim Gursewak Singh from Morinda lodged a complaint with the Police in May this year that Bank Manager Gagandeep fraudulently transferred money from limit accounts of his father and mother to invest it in Cryptocurrency with the help of Mandeep, who is involved in the deal of the sale and purchase of Cryptocurrency since 2015. Gagandeep also allegedly made a demand draft (DD) worth Rs 8.5 lakhs using the complaint’s limit account to purchase a car for himself, he added.
The police said that complainant claimed to have got his agriculture limits of around Rs 65 lakhs on the name of his father and mother in Bank of India from Branch Manager Gagandeep Singh. On May 25 this year, the police have registered a case under sections 406 and 420 of the Indian Penal Code (IPC), sections 4, 5 and 6 of the Prize Chits and Money Circulation Schemes (Banning) Act and section 76 of the Chit Fund Act 1982 at Police Station City Morinda.
SSP Chaudhary said that following the preliminary verification of complaint by SP Headquarter Ankur Gupta the police immediately registered the FIR and arrested two members of the gang.
“Gagandeep being a branch manager of Bank of India misused his position and fraudulently transferred money from his clients’ accounts to the accounts of his brother identified as Harkawal Singh, who has been dealing in sale and purchase of cryptocurrency through his company Gain Bitcoin. The money was transferred into other accounts including of Mandeep, Bakhtawar Singh, Baba Deep Singh Communications etc. however it was being investigated if the accounts of Bakhtawar, Baba Deep Singh, etc. were fake or the concerned persons were involved or not”, he said.
“The key accused of this fraud has been identified as Ravinder Dabara, who also hosted a seminar in Hotel Lalit Chandigarh and lured persons to invest in a Russian based E- Dinnar investment company promising them higher interests of at least 20% per month on the principal amount invested and 5% additional referral bonus on new investment. Minimum investment amount to invest in E-Dinnar was 100 dollars. Ravinder Dabara also offered investors a tour to Thailand if they invest 5000 dollars in the company”, said SSP while adding that hunt was on to nab the accused Harkawal Singh and Ravinder Darbara.
He said that the Police are investigating this case from various angles and more such victims, who were defrauded by Gagandeep and his accomplices are expected to come out soon.





Source link

Related articles

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

August 8, 2022

Cryptocurrency companies spend $2.4B on sports sponsorships

August 8, 2022

Related Posts

Crypto Credit Cards and Debit Cards: What You Need to Know – CoinDesk

by MtR
August 8, 2022
0

Crypto Credit Cards and Debit Cards: What You Need to Know  CoinDesk Source link

Cryptocurrency companies spend $2.4B on sports sponsorships

by MtR
August 8, 2022
0

At F1’s inaugural GP in Miami this spring, the entire complex was decked out in signage from title sponsor Crypto.comGetty...

Binance CEO, Changpeng Zhao, warns of cryptocurrency risk, as investors lose $1.11 trillion

by MtR
August 8, 2022
0

The founder of Binance, the largest cryptocurrency exchange platform, Changpeng Zhao, has warned cryptocurrency traders of the danger of the...

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000 – Bitcoin News

by MtR
August 8, 2022
0

This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017...

‘As the Cryptocurrency Market is Showing Some Signs of Recovery, Here Are Some … – Latest Tweet by Litecoin

by MtR
August 8, 2022
0

'As the cryptocurrency market is showing some signs of recovery, here are some cryptocurrencies you must look into..' - @analyticsinme...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter