Economic Offences Wing (EOW) in Bhubaneswar has arrested one more accused in connection with the Solar Techno Alliance (STA ) Crypto-Ponzi scam.
EOW sources here on Friday said Sushil Kumar Tudu, the founder member and Jharkhand head of STA India was arrested from Nirsa Police Station limit of Dhanbad district of Jharkhand on November 8 U/s 420/467/468/471/120-B of IPC, r/w Sec.4/5/6 of PCMS Act.
He was produced before the Court of JMFC, Dhanbad and brought to Odisha on three-day transit remand.
Tudu will be produced before OPID Court, Cuttack.
Earlier, three accused, including India Head Gurtej Siddhu has been arrested and Look Out Circular against four accused including a Hungarian National David Gej have been issued.
During the investigation, it was found that being the founder member, he has thousands of downline members under him both in Odisha and Jharkhand and has earned more than Rs 4 Crore illegally from the amount collected from the downline members. His daily income was Rs.80,000.
He has acquired huge landed property including movable properties from the fraud amount.
Further, it was found that, Tudu is also a member of different groups doing fraud in the name of Crypto Investment adopting the same modus operandi.
These groups are Striker Pro, Beeta Global Development Team, Bulleto Crypto Machine, Wellbe 24 899, ME 300 Binary Income per day, 3000 cupping and many more.
During the investigation, an amount of Rs 15.53 lakh lying in his bank accounts has been frozen.
(With UNI inputs)
