In Uttar Pradesh’s Sambhal district, well-known hair stylist Javed Habib, his son Anoj Habib and associate Saiful have been charged with fraud. The police have registered 32 FIRs against these three.
It is alleged that the trio ran a scheme called Follicle Global Company (FLC) in the name of investment fraud . They tricked people into making huge profits by investing in Bitcoin. Many people were charged 5 to 7 lakh rupees and 50 to 70 percent profit was promised. But even after the passage of two and a half years, no investor got any profit, nor was his money returned.
According to SP Krishna Kumar Vishnoi, fraud of Rs 5 to 7 crores has been reported so far. However, he also said that this amount could be more, as complaints are coming in continuously.
Police issues lookout notice
Police suspect that the accused may leave the country, so a lookout notice has been issued against Javed Habib, his son and Saiful. Because of this, they will not be able to go out of the country.
Lawyer gave plea of illness
On Sunday, Javed Habib’s lawyer Pawan Kumar met the police and submitted Habib’s medical report. He said that Habib’s heart condition is not good and recently his father also passed away. So they could not appear before the police.
Police’s strictness – Habib will have to appear himself.
Police station in-charge Govind Kumar said that after a detailed investigation, a case has been registered against the accused. He clearly told the lawyer that Javed Habib will have to be present and give a statement, only through the lawyer will not work.
‘We will fully cooperate’ – Lawyer
Pawan Kumar told the media that we have faith in the law and will give full cooperation in the investigation. We hope that the investigation will be fair and there will be no injustice.
Investigation continues, new complaints are also coming
Sambhal Police say that this case is related to many investors, and the investigation is still going on. The police is examining all digital transactions and documents to find out how many people were defrauded and who played what role.