The EOW (Economic Offenses Wing) is thinking about calling Govinda to ask him some questions. They are looking into whether he had anything to do with a cryptocurrency scheme that was not honest.
There are some serious accusations against Solar Techno Alliance, a company that works in many countries. It’s said that they tricked people into giving them money, pretending it was for a cryptocurrency investment. They collected a massive amount of Rs 1000 crore from over 2 lakh people all over India, and they didn’t even have permission from the Reserve Bank of India to do it.
In a surprising twist related to cryptocurrencies, the Economic Offences Wing (EOW) of the Odisha police is looking into whether Bollywood actor Govinda had anything to do with a dishonest cryptocurrency scheme. Back in July, Govinda went to a promotion event for Solar Techno Alliance (STA-Token) in Goa. It turns out that this company pretended to be a cryptocurrency but was actually running a multi-level marketing scheme. The police are now investigating Govinda’s possible involvement.
EOW to Summon Govinda in Alleged Crypto Scam Case
The EOW (Economic Offences Wing) is thinking about calling Govinda to ask him some questions, and they might visit Mumbai to do it. They want to know more about his involvement in a big event held by STA, the company linked to the crypto scam. Govinda seemed to have a significant role in promoting the company through videos and promotional stuff.
Deputy Superintendent of Police Sasmita Sahoo mentioned that they need more information to understand Govinda’s role in the crypto scam. Right now, they see him as a possible witness in the case.
But Govinda has strongly denied any connection to the cryptocurrency Ponzi scheme that the Odisha police’s EOW is looking into. EOW officials plan to go to Mumbai to talk to the actor about this supposed link.
Govinda made it clear that he has never been part of any advertising, endorsements, promotions, or public events for anyone or any company. He emphasized that he hasn’t supported or favored anyone in such matters.
EOW Takes Action Against Multi-Level Marketing Scam
Last month, the Economic Offences Wing (EOW) discovered a fraudulent cryptocurrency scheme run by STA and arrested its leader, Gurtej Singh Sidhu, a 40-year-old man from Punjab. Unlike legitimate cryptocurrencies, STA operated as a multi-level marketing scheme, relying on recruiting new investors to keep it going.
The deceptive scheme promised investors daily profits ranging from $20 to $3,000 if they joined and obtained STA crypto tokens, which were meant to be held for five years to generate significant returns.
Sidhu is now facing various charges, including cheating, forgery, and criminal conspiracy, under the Indian Penal Code (IPC) and relevant sections of the Prize Chits and Money Circulation Banning Act.
EOW officials are stepping up their efforts to locate and arrest STA leaders in different states, including Madhya Pradesh, Chhattisgarh, Jharkhand, Bihar, Punjab, and Rajasthan. With more victims coming forward to report their losses, the authorities are building a strong case against those responsible for the fraudulent scheme.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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