Eleven people have been arrested for allegedly running an investment racket and duping a Salt Lake businessman out of ₹3.8 crore. ADVERTISEMENTA woman allegedly sent the complainant a friend request, developed a “virtual friendship” and gradually convinced him to start investing in cryptocurrency. Initially, some money was credited in his account and, to win his confidence, the fraudsters created fake websites that showed that his investment of ₹3.8 crore had already yielded ₹180 crore in just two months. The fraud came to light when he tried to withdraw the money but found that he had no access to his own money. Three of them are residents of Calcutta, two from Purulia, two from North 24-Parganas, one from Birbhum and one from East Midnapore.

Source: The Telegraph December 25, 2025 01:51 UTC