Rs 21.2 cr sent to Dubai via cryptocurrency in UP's Prayagraj

Prayagraj, Jan 25 (IANS): Investigations into transfer of cash to Dubai through cryptocurrency in Uttar Pradesh's Prayagraj have revealed that cash transactions worth Rs 21.29 crore have taken place, police said.

The police have also come across 35 bank accounts of the accused Krishna Avtar, who has been arrested and sent to jail.

The scam had come to light on January 2, following which police launched detailed investigations.

According to police officials, Avtar transferred cash from a gaming app to one Jai, based in Dubai.

Earlier, investigations revealed that Avtar converted cash worth Rs 3.75 crore into cryptocurrency and transferred it to a wallet based in Dubai within 10 days.

However, detailed scanning of his bank accounts showed that he transferred cash worth Rs 21.29 crore after converting it into cryptocurrency since he came in contact with Jai.

The police team has also come across information about his 35 bank accounts. It is scanning the transactions made into these bank accounts, according to a senior police officer aware of the finding, said the police.


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Comment on this article

  • Indian, Dubai

    Wed, Jan 25 2023

    It's well known that this money from which party leader. Transfer this case to another state like Kerala or other states. Then only original thief will be caught

    DisAgree Agree Reply Report Abuse

  • prakash, Manipal

    Wed, Jan 25 2023

    Thief and Police are time immemorial... Thieves always innovate and are supported by high handlers.... Police overpower them over time and sometimes join them... Truth always wins but evil prevails... RBI has to innovate more and be able to go around /be on top... Simply calling for a ban of any technology will keep us backward and backfire very badly... Crypto is here to stay... Embrace it and do not run away from it....

    DisAgree Agree [2] Reply Report Abuse

  • arm, Mangalore

    Wed, Jan 25 2023

    Double engine double income and double speed.

    DisAgree Agree [4] Reply Report Abuse

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Title: Rs 21.2 cr sent to Dubai via cryptocurrency in UP's Prayagraj

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