Two from Gujarat held in Bengaluru in Rs 3.5-crore cryptocurrency cheating case

Two Gujarat residents were arrested in Bengaluru for cheating a city-based businessman of Rs 3.5 crore on the pretext of helping him invest in cryptocurrency.

The two arrested have been identified as Piyushbhai Himmatlal Soni and Rajeshbhai Dhirajlal Soni, while the prime accused in the case, Kunal Anup Chandrana, is absconding.

According to a senior police officer, businessman Gowtham’s friend Ramesh T V had claimed that he had made profits in cryptocurrency trading and encouraged Gowtham to invest in the same. In his complaint, Gowtham said that “as he lacked knowledge in cryptocurrency, he sought Ramesh’s help to befriend Chandrana who claimed to be an expert”.