In a major breakthrough, the Uttar Pradesh Special Task Force (STF) arrested four absconding accused involved in a multi-crore cryptocurrency and stock market fraud. The arrests were made on Wednesday in Lucknow in connection with a case registered at Mumbra police station, Thane district, Maharashtra.
The accused — Vijay Kumar Gupta, Ashish Kumar Tandon, Salman Khan, and Rajan Kumar Singh — were apprehended from Shakti Apartment in Ashraf Vihar Colony, Chinhat. According to Deputy SP Pramesh Shukla of the STF, the group floated a fraudulent investment company named Tailwin in Mumbai, promising investors high returns through cryptocurrency and stock trading.
Once substantial funds were collected, the firm was abruptly shut down, and the accused fled with investors’ money. Maharashtra Police sought assistance from UP STF to trace and capture the suspects believed to be hiding in Lucknow.
A joint operation led by Shukla resulted in raids at multiple locations, culminating in the arrest of the accused. They confessed to operating the fake firm and admitted to duping numerous investors.
The investigation continues as authorities work to recover the defrauded money and identify other involved parties.
