Crypto currency fraud master mind Rupesh Rai surrenders

Master mind of crypto currency fraud Rupesh Rai surrendered at court on Saturday, he was having a cash reward of Rs 10000, police are yet to nab Rupinder pal Singh Chhabara; Rai is sent under 10 days police custody.

In the series of arrest made after the STF busted an international gang that duped numerous victims of several countries. Rai is fourth key accused in operating the Racket of fake crypto currency Plus Gold Union Coin (PGUC).

During investigation, STF found property of Rupesh Rai in Jaipur, Jabalpur and in other cities. STF DG Purshotam Sharma said that Rai would be quizzed about property he made from the fraud. Vital information would be provided by him. 

Notably, in June STF nabbed accused are identified as Brijesh Raikwar (36) and his wife Seema Raikwar (36). After the complaint was lodged by one of the victims Rajiv Sharma regarding the Plus Gold Union Coin (PGUC) company having its exchange at Hongkong and deals through c.cex.com exchange and trading of cryptocurrency was done. In India promoters of the company were Brijesh Raikwar and Rupesh Rai.

Later in the month of August with the arrest of Harpreet Singh Sahni from Delhi who revealed that more than 100 Australian and Indian nationals residing in Australia were duped by the fraudsters. The registration of IP address is found for 22 countries which reveal the massively expanded fraud of the gang which operated across the globe. The nabbed accused headed Australia business of PUGC.

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