Bigger India
Indian Police Arrest Second in $72 Million Crypto Fraud Scheme, Leader Still Sought
Amit Lakhanpal, 32, a real-estate executive and founder of the MTC scheme is believed to have fled to London to escape prosecution.
Police in India say they have arrested the second-in-command of an elaborate crypto fraud that bilked investors out of 5 billion rupees (~$71.6 million USD), The Indian Express reports.
The man, Rohit Kumar, has now been charged with cheating, criminal conspiracy and violation of the “Prize Chits and Money Circulation Schemes (Banning) Act.