The Ambala police have arrested a resident of Hisar for allegedly defrauding an Ambala City resident of Rs 6.90 crore by promising exorbitant returns on cryptocurrency investments.
Details of the Arrest
The accused, identified as Mahesh Kumar, was taken into custody by the Ambala Cyber Cell. According to the police, Kumar lured the victim with assurances of six-fold returns on the investment along with an additional 2% interest.
Complaint and Investigation
The complainant, Narender Kumar of Ambala City, approached the police in March 2026, alleging that Mahesh Kumar and his associates had cheated him by inducing him to invest in a purported cryptocurrency scheme. Between August 2022 and March 2026, the victim invested Rs 6.90 crore. To arrange the funds, he exhausted his savings, borrowed money from relatives, and even sold his household gold. When he later demanded his money back, the accused allegedly threatened him with dire consequences.
Based on the complaint, the police registered a case and launched an investigation. A team from the Ambala Cyber Cell subsequently arrested Mahesh Kumar. During his police remand, investigators will seek information about the other accused and attempt to recover the defrauded amount.
Habitual Offender
The investigation has revealed that Mahesh Kumar is a habitual offender. Cases of cheating have already been registered against him in Gurugram and Bhiwani. The police suspect that the gang's network may extend to other states.
Police Advisory
Ambala SP Ajit Singh Shekhawat said, "The cybercriminals target the general public by luring them with promises of overnight wealth and higher profits. People should not invest their hard-earned money in cryptocurrency and other schemes on the basis of the persuasion of strangers or without verifying the details. People should contact the police and report suspicious activities."
