Crime
Ahmedabad: Indian Extorts Money From US National; CBI’s Search Finds Rs.9.3 Lakh USD Worth Cryptocurrency
The Central Bureau of Investigation has initiated a case against an accused individual. The allegations state that this individual, an Indian national, contacted a US citizen using the pseudonymous identity of “James Carlson” over the phone. He falsely claimed to be from the Fraud Department of a Multi-National Company and informed the victim that someone had attempted to order a computer using the victim’s account on the same company.
The fraud
Furthermore, the accused allegedly misled the victim by stating that individuals in four different states had used the victim’s Social Security Number to open accounts with the said Multi-National Company.
It is also alleged that the accused induced the victim to withdraw cash from their bank accounts and deposit it into Bitcoin at RockitCoin ATM Wallet. He shared a QR code, falsely informing the victim that it had been opened by the US Treasury for the victim’s benefit.
Additionally, the accused sent a fake letter dated 20.09.2022, purportedly issued by the Federal Trade Commission, USA, in an attempt to gain the victim’s trust. As a result of this inducement, the victim reportedly withdrew a total of USD 130,000 from their bank accounts on various dates between 30.08.2022 and 09.09.2022, depositing the funds into the Bitcoin address provided by the accused. Subsequently, the accused allegedly fraudulently misappropriated these funds, resulting in a fraud of USD 130,000 against the victim. The Federal Bureau of Investigation, USA, provided this information.
Searches find ₹9.3 Lakh USD worth cryptocurrencies
Searches were conducted at the accused’s premises in Ahmedabad, which led to the recovery and seizure of cryptocurrencies such as Bitcoin, Ethereum, Ripple, USDT, etc., with a total value of approximately ₹9.3 lakh US Dollars from the accused’s crypto wallets. Additionally, incriminating materials were found. During these searches, the involvement of two other individuals, both residents of Ahmedabad, also came to light. Subsequently, searches were carried out at the residences of these individuals, resulting in the recovery of mobile phones, laptops containing incriminating material, and more.
The investigation is ongoing.
Crime
Navi Mumbai: Crime Branch Nab Trio In Swift ₹36 Lakh Jewelry Heist

Thane: Three persons have been arrested for allegedly breaking into a house and decamping with gold and silver jewellery worth Rs 36 lakh in Navi Mumbai, police said on Saturday.
The crime branch made the arrests on March 10 within 24 hours of the burglary that occurred at a residential building in the Kalamboli area, an official said.
According to the police, the accused broke into the flat on the evening of March 9 and stole gold and silver ornaments and cash worth about Rs 36 lakh.
A case of theft and break-in was registered, and following investigation, the crime branch zeroed in on the trio and apprehended them from Daighar village in Thane district, the official said.
The accused, Pawan Rohidas Jadhav (25), Sumit Rohidas Jadhav (22), and Shivaji Jagan Rathod (23), were caught with the stolen valuables, he said.
Crime
ED Arrests 2 In ₹300 Crore Digital Investment Scam; Duo Remanded To Custody

Mumbai: The Enforcement Directorate (ED) has arrested two persons for allegedly cheating investors in Gujarat and Maharashtra of around Rs 300 crore through digital investment schemes and laundering the proceeds. A court has remanded the accused Sudhir Kotadiya, 33, and his cousin, Umang Kotadiya, 27, from Amreli to ED custody till March 20.
The money laundering case was registered based on an FIR initially filed at the Vartak Nagar police station in Thane and later transferred to the Economic Offences Wing (EOW).
Investigators allege the accused operated a large-scale digital investment scheme through several entities, including Qfonn App Limited, Qfon Connect India LLP, Qfon Entertainment Pvt Ltd, and Qfon Ajobman India LLP, among other related firms.
ED prosecutor Arvind Aghav, seeking their custody, told the court that the accused had been absconding, prompting authorities to issue a look-out circular.
He said the duo fled to Dubai and later re-entered India via Nepal to evade legal action before being traced and arrested in Gujarat.
According to investigators, the accused lured people to invest by promising monthly returns ranging from 2% to 10.5%, claiming the income would be generated through online advertisement viewing and app-based digital activities.
The probe found that funds from new investors were used to pay returns to earlier investors, while a significant portion was allegedly siphoned off.
One investor who had put in Rs 183 crore provided details of about 60 companies, entities and individuals whose bank accounts were allegedly used to collect nearly Rs 55 crore on the instructions of the accused.
The ED claims Sudhir Kotadiya was the mastermind behind the Qfonn app-based Ponzi scheme and held 25% shares in Qfonn App Limited, with another 25% held by his wife, Ranjanben Kotadiya, while the remaining shares were with other family members.
Umang Kotadiya allegedly handled operations, serving as director or partner in multiple Qfon group entities and acting as an authorised signatory for several bank accounts linked to the scheme.
Business
Mumbai: Police Bust LPG Black-Marketing Racket In Worli; 64 Cylinders Seized Amid Panic Booking Surge

Mumbai: Authorities in Mumbai have busted a gas cylinder black-marketing racket in Worli and seized several LPG cylinders during an operation, Mumbai Police said. The action comes at a time when concerns over cooking gas availability have triggered panic bookings in parts of the country.
During the raid, officials recovered six filled and 58 empty HP Gas cylinders along with several other cylinders from the location. Police said the stock was being illegally stored inside residential premises. The seized cylinders have been handed over to Worli Police Station, where further legal action is being initiated against those involved in the illegal storage and distribution.
Officials stated that storing and selling LPG cylinders outside authorised channels poses serious safety risks, especially in residential areas where such stockpiling can lead to fire hazards and other emergencies. Authorities are now investigating the source of the cylinders and the possible distribution network linked to the racket.
The development comes amid heightened demand for LPG across the country, the Union government on Friday said it is ensuring uninterrupted supply of cooking gas to households despite a surge in panic bookings. Consumers have been advised not to rush to dealerships or place unnecessary refill orders.
At a media briefing on Friday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said fears of a shortage have led to a sudden spike in LPG cylinder bookings in recent days, even though supplies remain adequate across the country. She emphasised that LPG distributors currently have sufficient stocks and that supply chains are functioning normally.
The government has also advised nearly 60 lakh households located near piped natural gas (PNG) networks to consider switching to piped connections for convenience. Sharma warned that strict action will be taken against hoarders and black marketers attempting to exploit the crisis triggered by the ongoing conflict in West Asia.
While LPG supply to households, hospitals, and educational institutions continues to be prioritised, supplies to commercial establishments such as hotels and restaurants have been curtailed due to disruptions in energy sourcing linked to the geopolitical tensions in the region.
To stabilise supply, the Centre has increased domestic production by 30 per cent since March 5 by diverting refinery streams to maximise cooking gas output. Additionally, around 20 per cent of commercial LPG supplies have been placed with state governments and Union Territories, allowing local administrations to decide priority allocation based on regional requirements.
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