Crores of rupees are cheated on hundreds of people in the name of Crypto Mining, Ed Busted Big Cyber Fraud

The Bangalore Regional Office of the Directorate for Enforcement (ED) seized an amount of approximately Rs 7.02 crore while acting in a major scam of cyber investment. These rupees were deposited into 29 different bank accounts opened in the names of many false businesses. The entire scam was performed by a mobile app named Sharehesh. This app named ShareHash gave people to earn a big profit in the name of cryptocurrency mining. After investing in the app, people were initially won by paying money. It was the same old Ponzi scam, in which a small amount was returned in the beginning and the rest drowned. When the number of investors increased and the amount of crores accumulated, the app suddenly disappeared from the Google Play store and there was no response from the company. The investigation into the investigation by these companies revealed that the entire scam was carried out by various companies, including Kotata Technology Private Limited, Alarin Tech Solutions Private Limited, Crampington Technology Private Limited, Nilin Infotech Private Limited. Ltd. and sub -trust Exim Private Limited. All of these businesses are registered by Fake KYC in the name of unemployed youth during Kovid-19 epidemic. Their registered addresses were found either incorrectly or closed. The ED investigation also revealed that the money deposited in the bank accounts of these businesses was transferred to other false businesses by the payment gate and that cash was withdrawn or invested in gold purchases. The ED looks at the entire network, not just that more than 40 bank accounts were used in this scam so that the money came from and where it went, it could not be known. The directors and owners of most companies did not even respond to the ED summons, or refused to involve any kind of involvement. The ED launched an investigation on a fir registered by Cybercrime Police, Bangalore. A FIR is registered under different sections. Currently, a thorough investigation into the matter is underway and the ED looks at the entire network. Share this story -tags