The arrested are MS Srikanta, his father Satheesha MA, and their associate Deepak. Satheesha is director of Sri Pancha Aishwarya Multipurpose Souhardha Co-operative Limited. The trio cheated at least 1,300 people and pocketed around Rs 6 crore.
The accused had opened an office — GG Online (GGO) Private Limited — on Sampige Road in Malleswaram and had lured people with high returns against investment in cryptocurrency.
One of the victims, Veerabhadraswamy, 47, a businessman, filed a complaint at the cybercrime police station in the police commissioner’s office recently. He had invested Rs 10,000 in GGO company and the accused initially gave him 15% profit over the investment made. tnn
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