Assam: Third Accused in Multi-Crore Cryptocurrency Scam Arrested in Dhubri
Authorities estimate the scam to be worth over Rs. 200 crore, with connections tracing back to international players,..........
DHUBRI- In a significant breakthrough in the ongoing investigation into a Multi-Crore Cryptocurrency Scam, the South Salmara-Mankachar police arrested a third suspect from Dhubri districts.
The accused, identified as Mohabur Rahman, aged 29, was apprehended in the early hours of Thursday, March 6, from Tumni Simlakandi village in Dhubri district.
The arrest marks a key development in the crackdown on a sophisticated cryptocurrency-based multi-level marketing (MLM) scam that has defrauded thousands of investors across the region.
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Authorities estimate the scam to be worth over Rs. 200 crore, with connections tracing back to international players, including a Dubai-based individual, Lavish Chaudhury, who is also implicated in a Rs. 500-crore crypto fraud in Himachal Pradesh.
Mohabur Rahman’s arrest follows the earlier apprehension of two other suspects, Akheruzzaman Ahmed (26) and Nur Alom Ahmed (27), on March 4. The trio is believed to have played pivotal roles in luring unsuspecting victims with promises of high returns through fraudulent cryptocurrency schemes.
Police reports indicate that the scam exploited low awareness about digital currencies, particularly in economically vulnerable areas like Dhubri and South Salmara-Mankachar, where the allure of quick profits proved irresistible to many.
According to a senior police official, the operation unfolded after a meticulous investigation aided by the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs. “The accused operated multiple fake websites, hosted in the USA and Germany, to deceive investors,” the official revealed. “We are working to dismantle the entire network and expect more arrests as we uncover additional leads.”
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The scam’s international links came to light during the probe, with evidence pointing to coordination with overseas operatives. Authorities are now intensifying efforts to track down other key figures involved in the racket, which has left countless families financially devastated.
Local residents have expressed relief at the arrests but remain wary of the broader implications. “Many people here invested their life savings, believing they could escape poverty,” said a community leader from Mankachar. “We hope the police can recover the money and bring all those responsible to justice.”
The South Salmara-Mankachar police have urged the public to remain vigilant against similar fraudulent schemes, emphasizing the need for greater awareness about cryptocurrency investments.
As the investigation continues, this latest arrest underscores the authorities’ commitment to rooting out financial crimes exploiting vulnerable populations in Assam. Further updates are awaited as the case unfolds.
