Investing in the share market is becoming increasingly popular in today’s world. However, the recent scam conducted by Vikas Kalda has raised concerns about the safety of investors’ hard-earned money. Kalda, who hails from Ambala, Haryana State in India, has duped hundreds of people with the promise of doubling or tripling their money in a short period through the Crypto World Trading Company.
In this article, we will explore the scheme employed by Kalda to lure in investors, the number of people affected, the amount of money involved, and the steps taken by the authorities to deal with the situation.
Scheme to Attract Investors
Kalda took advantage of the popularity of the Crypto World Trading Company, which works with a centralized exchange board, and convinced people to invest their money. The minimum amount to invest was INR 8,000. Kalda promised people that their investment would triple in just five months. To attract more investors, he created a sense of greed in people’s minds, claiming that they could earn two to three times their original amount in a short period. This network grew, and as a result, hundreds of people invested, ultimately leading to a scam worth over INR 250 crores.
Investors Involved in Crypto World Trading Company
The investigation into the scam is still ongoing, but it has been revealed that more than 140 investors from Haryana, India, invested over INR 1,00,000 each in the Crypto World Trading Company. According to the police, the number of people who invested the minimum amount of INR 8,000 is quite high. Most of these people are from Ambala, while the rest are from other districts in Haryana.
Amount Collected by the Crypto World Trading Company
A list of investors’ names, investment amounts, mobile numbers, and places of residence has been provided to the police. It has been estimated that Kalda has cheated more than 140 people. The list includes some of the names of investors who have invested over INR 1 lakh, such as Nirmal Singh, who invested INR 13 lakh, and Mandeep, who invested INR 28.88 lakh.
Police Investigation
The investigation into the Crypto World Trading Company scam is ongoing, and investors are slowly cooperating with the police to uncover the extent of the scam. The police are taking strict action against the kingpin, Vikas Kalda, and his family. According to sources, the CEO of the company is on the run, and the police are trying to track him down.
