Indian High Court Denies Bail in $240M Crypto Investment Fraud Case
TLDR
- Indian court denies bail for Abishek Sharma involved in a $240M crypto scam.
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Over 80,000 investors were duped in the crypto investment fraud scheme.
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Suspects created shell companies to launder stolen funds in the scam.
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The crypto fraud involved manipulated prices and a Ponzi-like scheme.
An Indian high court has denied the bail application of Abishek Sharma, a suspect linked to a massive $240 million crypto investment fraud. The case, which involves approximately 80,000 investors across Himachal Pradesh and neighboring states, has caused significant public concern due to its scale and the manipulation of digital assets.
Sharma, an Una resident, has been in custody since October 2023, and the court’s decision…
