Mangaluru: A case of bitcoin fraud was registered in Mangaluru as a man duped to be the admin of bitcoincrypto currency exchange website, defrauded many people. The accused Abdul Latif Kalai (34) was arrested by the police and sent to judicial custody.
On January 3, 2018, a Mangalore-based man had invested Rs 46 lakhs in the company. Rs 10 lakhs was returned out of total Rs 46 lakhs. As per the allegation remaining Rs 36 lakhs was defrauded.
Similarly, it is said that the accused had similarly defrauded thousands of people by collecting money from them.
Police acted on a complaint lodged at Economic and Narcotic police station. Kalai is identified as a resident of Ammunje Bantwal.
Also read: Kerala businessman killed in Dehradun due to cryptocurrency Bitcoin
