Lucknow Gang Busted for ₹93 Lakh Crypto Scam Using Forged RBI, SEBI Docs

A gang of three, including a woman, was busted in Lucknow for allegedly duping two people out of ₹93 lakh by offering them a 2-3% commission on digital currency transactions. The suspects used forged letters purportedly issued by the RBI and SEBI to make the deal appear genuine.

The accused, Farida Sikander Saudagar, Pawan Bisht, and Avadhesh Kumar Mishra, were arrested from a hotel room in Lucknow after a team of police officers arrived around 6.15am on Friday.

According to DCP East Deeksha Sharma, the suspects would approach people interested in digital currency and offer to arrange USDT at attractive terms.

The police recovered an Apple laptop, three Android phones, 12 forged authority letters, three cheque books, two passbooks, two Indian passports, PAN and Aadhaar cards, three ATM/debit cards, and a stamp bearing the name 'FOR MPS INFORMATICS PRIVATE LIMITED' from the suspects.