Guwahati, Mar 5: Assam police has busted a major cryptocurrency scam in South Salmara Mankachar district estimated to have defrauded investors of over Rs 200 crore.
Two individuals identified as Akheruzzaman Ahmed (26), and Nur Alom Ahmed (27) were arrested in connection with the cryptocurrency scam.
Following credible intelligence inputs of Crypto TLC 2.0, an operation was launched by South Salmara police which resulted in the arrest of the two individuals who were involved in running the major scam.
During the operation, police seized a significant amount of digital and financial evidence, including five mobile phones, three laptops, a pen drive, an ATM swipe machine, 11 ATM cards, five bank passbooks, and seven cheque books.
According to police, they were operating an illegal multi-level marketing (MLM) scheme disguised as Al-powered forex trading through a platform named “Bot-Bro.”
This scheme lured investors with promises of exorbitant monthly returns, reaching 5-6%, significantly exceeding standard market rates.
“The suspects have been running the scam for an extended period, recruiting thousands of investors across multiple districts in Assam. They operated under the direction of Abdul Kalam of Chaygaon, who reportedly built a downline of over 1 lakh members, each investing a minimum of ₹20,000,” said a police official.
Investigations revealed a connection between the arrested suspects and Lavish Chaudhury, a Dubai-based businessman previously implicated in a ₹500 crore investment fraud in Himachal Pradesh.
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