Ambala : Nearly Rs 500-crore crypto scam has been exposed in Ambala Cantt. The prime accused in the case identified as Sehdev Singh was running a network in several states including Haryana, Punjab, Chandigarh, Himachal, Rajasthan and Uttarakhand since 2021 and cheated large number of investors, which include nearly a thousand persons in Ambala only in several investment schemes to provide handsome profits is suspected left for Dubai. The accused allegedly organised grand events, attractive seminars to attract investors in five star hotels at different places explaining to them the complex process of blockchain technology and other things enabling them to give exorbitant returns. The suspects also promised holidays in Dubai to a large number of investors, gifting them gold and diamond rings apart from promising assured up to 73% returns on the investment.

Mahesh Nagar police station Ambala Cantt registered a case against the prime accused  Sehdev Singh along with 16 others associated with him in said fraud business on Tuesday night on the complaint of few duped people, suspecting cheated investors amount around Rs 500 crore on the pretext of investing in their upcoming cryptocurrency, SHO Ajaib Singh said naming another 16 persons associated with the prime accused identified resident, Sachin resident of Gobindgarh, Vipin Chauhan, Prince Kaushik, Dharamvir Rana, Rakesh Saini all residents of Ambala,  Sehdev Singh and Puneet Dhiman both residents of Mohali, Satish Kashyap, Chirag Ahuja, Punit Ahuja, Rajinder Kumar all residents of Shahabad, Tarun Sahi resident of Panchkula, RakjKumar Rana, Madanpal Singh both residents of Chandigarh, Harpreet Pal resident of Sirhind,  Eanjiv Rana of Himachal,  Siraj Ahmed,  Amdapi Singh, Sanjiv Sharma, Abhishek, Paramjit Singh and Amit. SHO Ajaib Singh said, police have started a search for the arrest of all accused. He disclosed that the family of the prime accused has also disappeared and the alleged accused used to transfer funds abroad through Hawala.