In a significant crackdown, the South Salmara-Mankachar Police have uncovered international links to a massive cryptocurrency-based multi-level marketing (MLM) scam that defrauded thousands of investors across Assam.
The investigation culminated in the arrest of Akheruzzaman Ahmed (26) and Nur Alom Ahmed (27) from Tumni Simlakandi village in the early hours of March 4, following a General Diary Entry (GDE No. 21 dated 04.03.2025).
During the operation, authorities discovered connections between the arrested individuals and Lavish Chaudhury, a Dubai-based scammer already implicated in a Rs500-crore cryptocurrency fraud in Himachal Pradesh.
Evidence of their association surfaced from a pass recovered at a crypto promotional event hosted by Chaudhury at Greenwood Resort, Guwahati.
Preliminary investigations indicate the scam operated as a pyramid scheme, encouraging investors to recruit others and build a network exceeding 100,000 downline members.
The police continue to probe further details to dismantle the entire fraudulent network.
