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Man held for cheating people of Rs 52 crore in bitcoin scam

Press Trust of India  |  Hyderabad 

: A person has been arrested in Delhi and brought here for allegedly cheating public, including from Telangana and other southern states, to the tune of Rs 52 crore in a bitcoin scam, police said Friday.

Ashish Malik, the main accused, was arrested in the national capital and brought to the city on a transit warrant Thursday based on a complaint lodged by victims here, the police said.

Malik and other accused, involved in the scam, were collecting money online using four different websites, they said.

The main accused had allegedly collected nearly Rs 52 crore from about 1,200 depositors across the country.

There were about 250 depositors from Telangana and other southern states who had deposited Rs 10 crore, the police said.

Search was on for other accused, they said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 28 2019. 14:45 IST