Jogender
Kumar, S/o Sh.Tika Ram who stated that the cryptocurrency chit fund
company named Pluto Exchange with its office at 6D, 6th floor ... business of crypto currency and that they had
launched their own cryptocurrency and asked the complainant to
invest in their crypto currency and assured
they issued instructions for the transfer
of funds in the form of cryptocurrency, gift cards and wire transfers,
among other methods, .all designed to preserve ... exploited the crypto accounts of KYC-verified users who were
registered on cryptocurrency exchange platforms. This strategic
manoeuvre allowed them to easily liquidate
allegations that the
accused has represented that he was also dealing in cryptocurrency, in
which, he claimed the complainants funds could be invested ... Further, the allegation that the
accused may have dealt with investments in cryptocurrency or stock
trading should have also been investigated, including, by checking
whether
illegal gaming applications and
through such process diverted the money into cryptocurrency.
Petitioner has also been booked under PMLA. He does not
stand ... organised racket of running illegal gaming
applications and converting fiat currency into cryptocurrency.
2
A large volume of fiat currency to the tune
many other people by luring them to invest money
in their cryptocurrency schemes named Etherecash and EB3 coins. It is
further alleged that two bank ... victims/complainants as he has duped them by promising huge returns from
cryptocurrency schemes named EB3 coins and Etherecash. As per the
statement of witnesses
Brajesh
Raikwar, who were the business head for the marketing of a cryptocurrency
Plus Gold Union Coin (PGUC) in India, in connivance with the applicant
said
amount has been transferred to Chinese and Pakistani citizens as
cryptocurrency. Prime facie, from the evidence collected, it appears that an
International Gang
keeping the said
money. Money was earned, was also used in cryptocurrency
and bitcoins purchased through various accounts.
Since the facts revealed during investigation
that point of time,
Ramdas asked the complainant to start doing the
cryptocurrency work. Ramdas further told the
complainant that he along with one Karambir
Oliva James-co accused was admin,
they duped investors to trade in cryptocurrency and the financial
implications of the same has been stated in Paragraph ... petitioners
that because of the very nature of trading in cryptocurrency, they
were required to undertake multiple transactions on a regular basis
for which
