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The two accused were identified as Ashish Malik and Sandeep Kaushik
The arrest has been made under Section 420 and 120-B of the Indian Penal Code (IPC) and money circulation schemes (Banning) Act-1978.
The complaint was registered by Vinod Kumar and Ravinder Pal Saini which stated that the accused had taken Rs.7,50,000 from complainant by luring people to invest in Rosneft hedges fund, to be the part of Russia based oil company.
The accused persons are taking money in the form of Bitcoins, cash and cheque by luring them to invest in Rosneft hedges fund.
The culprits had changed the name of this company as RHF Coin and RHF Gold whose leader has been identified as Ajay Harinath, resident of Mumbai.
Malik, Chauhan and Kaushik had introduced themselves as the owners of Rosneft hedges fund to the victims.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)