MP Police bust cryptocurrency gang which duped investors in 22 countries | india news

The Special Task Force (STF) of Madhya Pradesh police said on Tuesday that they have busted a gang that had duped about 1,500 people in 22 countries of at least Rs 100 crore by creating fake cryptocurrency and an exchange for trading it.

“Till now, four members of the gang have been arrested,” said Purshottam Sharma, special director general of the STF after interrogators had grilled Harpreet Singh Sahni, one of the founders of the crypto-currency exchange following his arrest from a hotel in New Delhi on Friday, hours before he was scheduled to take a flight to Dubai.

Sharma said Sahni was born in Shivpuri in Madhya Pradesh and had shifted to Australia several years ago. He used to run a security agency in Australia and was planning to start a business in Maharashtra from the money he amassed by duping people, the officer said.

The police officer said Sahni and others started a cryptocurrency company sometime in 2018, floated a fake bitcoin trading exchange and…