Bhubaneswar: The Economic Offences Wing (EOW) in Bhubaneswar arrested one more accused in connection with the Solar Techno Alliance (STA) crypto ponzi scam, an EOW source said Friday.
The source added that Sushil Kumar Tudu, the founder member and Jharkhand head of STA India, was arrested November 8 from Nirsa Police Station limit of Dhanbad district in Jharkhand.
Tudu was produced before the Court of JMFC, Dhanbad and brought to Odisha on a three-day transit remand. He will be produced before OPID Court, Cuttack.
Earlier, three accused, including India Head Gurtej Siddhu were arrested and Look Out Circular against four accused including a Hungarian National David Gej has been issued.
During investigation, it was found that being the founder member, Tudu has got 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.
Tudu 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.
UNI