Three govt teachers arrested in cryptocurrency scam in Nirmal
Three government teachers from different schools were arrested on the charges of UBIT cryptocurrency scam on Wednesday.
Published Date – 25 September 2024, 07:13 PM
Nirmal: Three more persons were arrested on charges of duping the public under the guise of UBIT cryptocurrency trading and a multi-level marketing system here on Wednesday.
In a statement, Superintendent of Police Dr Janaki Sharmila said Dasari Ramesh, a primary school teacher at Kannapur village in Kaddampeddur mandal, Bommidi Dhanunjay, who worked with a primary school at Sonala village in Boath mandal and Kiram Venkatesh, a teacher at a Mandal Parishad primary school at Daujinayak Thanda in Kubeer mandal, were arrested for their role in the UBIT cryptocurrency scam.
On being interrogated, the three confessed to committing the crime to make a fast buck, she said, adding that one Brij Mohan Singh was the king of the scam, who was already booked for cheating the public. She stated that 11 bank accounts linked to the scam were already frozen. Police were tracking financial transactions relating to the scam, while the process of freezing the remaining accounts and identification of assets were underway.
The SP urged the victims to come forward to report the offence. She stated that assets could be recovered if the victims extended their cooperation with police. She requested the public to be cautious of cryptocurrency trading. Efforts were on to detect those who indulge in financial crime, she stated.
On September 1, five persons including an ex-Indian Army soldier, an Excise Sub-Inspector, a police constable and two government teachers were arrested on charges of cheating around 5,000 people of the district under the pretext of UBIT cryptocurrency trading and a multi-level marketing scheme. The value of the scam was assessed to be Rs.50 crore. The accused persons were Salla Raj Kumar, a former Indian Army soldier from Nawabulpet in Kaddampeddur mandal, who joined hands with two government teachers, Sai Kiran and Kandela Naresh, Gangadhar, an SI from the Excise department and Mahesh, a constable working with the Armed Reserve police.
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