Pramesh S Jain & Yogesh K Porwar
The CCB officials on Sunday busted a crypto currency scam through chain link and arrested three persons who are running the racket .
The accused has been identified as,Raghavendra, Nagaraju and Shivamurthy.
Senior officer told media persons,the trio floated FOMOEX company offering investment on crypto currency with 20% returns on every investment made.
The accused also held conferences in star hotels to explain about the business models and claimed to have branches in the USA,Singapore and China and to lure gullible people.The accused even offered huge returns for those who get more investors on chain link business modules .
Hundreds of people have invested in their scheme and been cheated the accused have earlier floated a company in the name of ESPN global company and duped many,a police officer, said .
The accused have been taken ito custody for further investigations said a senior officer.
Finally Bengaluru Police Commissioner,Kamal Pant has appreciated Joint CP Crime,Sandeep Patil,DCP,Crime-2,BS Angadi and whole team of Economics Offence Wing of CCB for the commendable job done by them in nabbing the trio fraudsters and unearthing the racket a suitable reward will be given to the whole team he added.