Ludhiana: A Ludhiana-based businessman, Jagdeep Singal, has been cheated of nearly \u20b920 crore in a major cryptocurrency fraud, one of the biggest cyber scams reported in Punjab so far.<\/p>\n
The case has been registered by the cyber crime division of Punjab Police, which has launched a manhunt to trace the organised gang behind the fraud.<\/p>\n
According to the complaint, the victim was first contacted via Facebook, where a woman identifying herself as \u201cAnamika Roy\u201d gained his trust and lured him into investing in cryptocurrency. He was then directed to a fake investment website designed to closely resemble a legitimate trading platform.<\/p>\n
Singal initially invested \u20b91 lakh in May 2025, but gradually transferred crores after seeing fake profits displayed on the platform. The website showed returns of around $4.3 million, which encouraged him to invest more money.<\/p>\n
Later, the fraudsters demanded additional payments in the name of taxes and processing charges, eventually swindling nearly \u20b920 crore.<\/p>\n
Investigations have revealed that the accused used a network of 76 fake bank accounts across 15 banks in different states, along with multiple SIM cards, to move the money and avoid detection.<\/p>\n
The victim has demanded a high-level probe through a Special Investigation Team (SIT).<\/p>\n
In a similar case last year, former IGP Amar Singh Chahal was duped of \u20b98.10 crore. Police are now conducting raids to dismantle the fraud network.<\/p>\n","protected":false},"excerpt":{"rendered":"
Ludhiana: A Ludhiana-based businessman, Jagdeep Singal, has been cheated of nearly \u20b920 crore in a major cryptocurrency fraud, one of the biggest cyber scams reported in Punjab so far. The case has been registered by the cyber crime division of Punjab Police, which has launched a manhunt to trace the organised gang behind the fraud. […]<\/p>\n","protected":false},"author":1,"featured_media":64049,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,19,20],"tags":[14534,14533],"class_list":["post-64048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crime","category-latest","category-punjab","tag-duped-of-20-crore-in-crypto-scam","tag-ludhiana-businessman"],"yoast_head":"\n