Overview
- The accused, identified by police as Sujit Shankarrao Dev, was detained near Ahmedabad Airport after allegedly evading arrest for about two years.
- He is wanted by Dahisar Police in Mumbai under IPC Sections 406, 420, 34, 120(B) and Sections 3 and 4 of the MPID Act.
- Investigators say Dev and associates opened a cryptocurrency investment office in Dahisar in 2021 and collected crores by promising 4x profits.
- Authorities report more than 100 victims lost funds, and legal procedures have been initiated following the arrest.
- Separately on February 9, the Ahmedabad Crime Branch arrested five suspects in an interstate e-commerce fraud targeting platforms such as Flipkart and Amazon, with two additional suspects still at large.