Police Forces Bust Alleged “New Age Cryptocurrency” Scam In India

THELOGICALINDIAN - Police in the Indian burghal of Thane accept raided the offices of an declared multimillion cryptocurrency betray on Monday According to its promoters Money Trade Coin MTC provides a safer added defended and above another of autumn abundance in the anatomy of agenda bill to investors as able-bodied as commoners Investigators about allege it of actuality a advanced for an all-embracing artifice ambiguous investors with promises of aerial allotment absolute acreage and adopted passports

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New Age Cryptocurrency

Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India On its website MTC is declared as bookish acreage accordingly endemic by Dubai based close Bitcoin Global FZE, UAE and Money Trade Coin Ltd, UK. And Mr. Amit M. Lakhanpal is said to be the Director of Money Trade Coin Ltd (and one of the key associates of Bitcoin Global FZE and MD of Flintstone Group, India). While two bodies were bedfast on Monday, Lakhanpal is reportedly still at ample and the badge accept he may accept fled India.

Flintstone’s Thane appointment reportedly had twenty employees, while addition appointment in the Mumbai suburb of Vikhroli had a agents of fifty. The analysis started afterwards a bounded agent complained that he and his colleagues were not able to get a acknowledgment from the aggregation about their invested funds.

Police, Bollywood and Politicians

Police Forces Bust Declared “New Age Cryptocurrency” Scam in India The badge said Lakhanpal’s appointment showcased photos of him with “leading political personalities” acclimated to affect his declared victims. Additionally, “He may accept alike invested in a Bollywood blur featuring a above macho star, but we are acceptance this.” A chief administrator alike told the Hindustan Times that some associates of the badge were allegedly complex with MTC and their captivation is actuality investigated.

“Pal and his assembly promised investors a 20-times acknowledgment on advance in a bald six months. But already the borderline passed, the aggregation fabricated several absolved to not absolution the money,” the administrator said. “A few canicule ago, some investors alike went to Dubai to accommodated Lakhanpal, but they were allegedly threatened, and were told that they should not ask for their money. We additionally begin that Lakhanpal had never complete any building, alike admitting he claimed to run a absolute acreage company.”

What do you anticipate is the accurate adventure abaft MTC? Share your thoughts in the comments area below.

Images address of Shutterstock, MoneyTradeCoin.

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