Sushil Kangya, numerology consultant to Bollywood celebrities, alleged that he was duped of Rs 2.5 lakh (file photo)
A numerology consultant to Bollywood celebrities has alleged that six people associated with multi-level marketing companies duped him of Rs 2.5 lakh.
Maharashtra Police last week detained six people, including an IIT Kanpur student, on charges of cryptocurrency fraud in Thane. The complainant, Sushil Kangya, who is a numerology consultant to Bollywood celebrities, alleged that he was defrauded of Rs 2.5 lakh by people associated with multi-level marketing companies Dronx.Biz and BNB Pool, reports Free Press Journal. which are online platforms involved in cryptocurrency mining. ,
According to Kangya’s complaint, she invested the money and got returns for a few months, after which the payments stopped. When he and his sister questioned the organizers about non-payment of dues, they did not get any satisfactory answer.
The police then detained Subhranshu Nayak, Rajesh Bapodra, Krish Reddy, Dr Peter Dhanraj, Avinash Upadhyay and Pankaj Pandhi, who were named as owners of MLM organizations in Kangya’s complaint, for questioning on 9 May.
Kangya had initially said that the fraud could be to the tune of $300 million (over Rs 24 billion). He later revealed on a news portal that IIT student Subhranshu Nayak had never disclosed his educational background. Kangya claimed that Nayak and Pankaj Pandhi had lured her and her sister into investing in a cryptocurrency scheme, promising a monthly interest rate of 8 percent.
While Nayak claimed that he was a blockchain student at IIT Kanpur and denied the allegations of cheating, Kangya said that Nayak never mentioned being an IIT student. “I am in constant touch with Nayak and have gone out with him, but he has never told me that he is an IIT student,” Kangya said.
Nayak told the news portal that he was studying blockchain at IIT Kanpur. “As an IIT student, I know what it takes to invest. I am an investor in Dronx.Biz and BNB Pool, and we have additional IIM and IIT graduates on our team, as well as other renowned experts.
The police is currently probing the matter and has not registered an FIR yet. Senior Inspector Sanjay Dhumal of Thane’s Naupada police station said the police were unaware of Nayak being an IIT student until he mentioned it.