Seven people have been booked for allegedly cheating a man to the tune of Rs 22.59 lakh after pursuaing him to invest in bitcoins launched by a company, police said today.
A case of cheating has been registered at the Khadakpada police station.
No arrest has been made so far, the police said.
Accordingly, since February 2017, he invested a total of Rs 22.59 lakh into the company.
However, the accused, who were associated with the company, did not pay Kulkarni any money and closed down their business and fled, the police said.
According to the government, bitcoins or such crypto- currencies are not legal tender in the country.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)