Overview
- Police say 835 bank accounts were identified and transactions in 290 accounts confirm ₹209 crore in deposits from investors nationwide, with estimates indicating the figure could exceed ₹400 crore after full verification.
- Ekant Yogdutt, alias Dr Morphine, an MBBS doctor from Hisar, was arrested at Delhi’s IGI Airport on his return from China, with officers citing training in the Philippines and links to Chinese nationals.
- An FIR (No. 08/2026) was registered in Ganderbal and a Special Investigation Team led by SSP Khalil Ahmad Poswal is tracing cross‑border transfers, freezing accounts and moving to attach assets.
- The racket allegedly used fake investment sites such as paisavault.com promoted via social media and search ads, relied on QR codes shared on Telegram, and rapidly layered funds outside J&K and abroad to obscure the trail.
- Reports differ on the arrest count, with some outlets citing nine, others eight, as investigators also allege local operatives recruited BPL account holders and that some bank employees provided QR codes; victims are urged to report via cybercrime.gov.in or helpline 1039.