The mastermind of Rs 88,000 crore crypto scam Divyesh Darji has been nabbed at Delhi airport today. Darji is Asia head of Bitconnect a cryptocurrency company.He has been arrested by Gujarat CID from Delhi airport.
Darji and conspirators are allegedly accused of a cypto scam worth Rs 88,000 crore. They are responsible luring Indian investors for a big return during the demonetisation drive.
Gujarat CID had already issued a look-out circular against Darji, who was on exile and staying in Dubai.
His outfit was found to be registered in the United Kingdom. However, majority of his operational activities were executed from the Burj Khalifa tower in Dubai. Bitconnect also had its offices in Surat.
As soon as the Gujarat CID started the investigation on this case, most of the promoters of this scheme fled abroad.
The company released 2.80 crore crypto coins, out of which 1.80 crore coins were sold to investors. It remained operational till January this year.
The accused organised several seminars and conferences across India and other countries promising daily interest rate of 1 percent. Further, it promised the investors to double the investment money in 100 days in exchange for Bitcoin.