The lure of high returns on online investment is Rs. Fraud of Rs 38.30 lakh

Rajkot: Advocate Mahendrabhai Dadbhai Wala (age 48), living near Umiyapark Chowk in Jalaram Plot-2 on University Road, has filed an online suit against Brijesh Jagdish Chandra Gadiali, Kiran Vanmalidas Panchasara, Dhawal Laheri and Hitesh Gupta of Surat. Talking about issuing, investing Rs. 38.30 lakh has been registered in the crime branch.

According to the complaint, after creating a smart contract in Tron Link Pro, he asked the advocates, including the advocate, to invest in Tron on the basis of the smart contract and offered a lucrative scheme of two per cent daily return for 120 days. So people, including advocates, invested different amounts at different times.

Out of which Advocate Mahendrabhai gave a total of Rs. 52,20,100 was invested. Meanwhile, the advocate demanded Rs. 13,90,00 were returned. When Rs. With an investment of Rs. The accused later said that they were going to issue their own megatron (cryptocurrency) and held a grand event of megatron launching in Udaipur.

Defendants, meanwhile, transferred their trones to Megatron, convincing investors, including advocates, that the price of Tron and Megatron would be the same, and demanded 50 per cent Tron and 50 per cent Megatron in return, turning all investors' trones into online Megatron. But when the price of Megatron went up to Rs.00,001, the accused cheated all the investors.