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Two held for duping people through hedge fund investments

ANI  |  New Delhi [India] 

The Cyber Cell of Crime Branch arrested two people for allegedly duping people of Rs 7,50,000 by luring them to invest in based company 'hedge fund'.

The two accused were identified as 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 hedges fund, to be the part of based company.

The accused persons are taking money in the form of Bitcoins, cash and cheque by luring them to invest in 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

Another accused, was already arrested in Punjab's Barnala and is lodged at

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.)

First Published: Sat, February 10 2018. 04:30 IST