A complaint filed in Dehradun alleges that a retired soldier and members of his team were cheated of 1.55 crore rupees through investment schemes linked to crypto and forex trading. Clementown police have registered a case against Lavish Chaudhary, 5 other people and a company.
The case has been filed under the Bharatiya Nyaya Sanhita and the Unregulated Deposit Schemes Act. The complaint was submitted by Chandraballabh Shukla, a resident of Clementown.
How the alleged investment scheme worked
According to the complaint, the accused approached Shukla at his home and promoted investments connected with MetaTrader 5 and the Financial Freedom Project. They allegedly promised monthly returns ranging from 5% to 8%.
The complaint names Bot Bro, Cross Market, Mine Crypto and TLC Coin among the digital platforms used for the proposed investments. The alleged promoters also held meetings through Zoom and used social media while presenting themselves as specialists in AI-based trading.
Shukla said he transferred his personal savings and money collected from colleagues to the accused. The payments were allegedly made through several bank accounts and in cash. The total amount cited in the complaint is 1,55,49,748 rupees.
What the complaint alleges about the main accused
The complaint identifies Lavish Chaudhary, also known as Nawab Ali, as the alleged main accused. It states that he is originally from Muzaffarnagar in Uttar Pradesh and is currently operating his network from Dubai.
The allegations have led to the registration of a criminal case. The available information does not establish the guilt of any accused person, and the claims remain subject to the legal process.
Why the complaint matters
The alleged loss included savings accumulated by Shukla after 30 years of service in the Army, along with funds belonging to people associated with him. The complaint therefore covers both his personal money and amounts entrusted by members of his team.
The case involves claims about promised returns, digital trading platforms, cash transfers and bank payments. These details form part of the complaint registered at Clementown police station.
Conclusion
Clementown police have registered a case over the alleged 1,55,49,748-rupee trading-related fraud complaint against Lavish Chaudhary, 5 others and a company. The allegations will be assessed through the legal process.
Frequently Asked Questions
Q. How much money is involved in the complaint?
The complaint cites a total of 1,55,49,748 rupees, described as 1.55 crore rupees.
Q. Where was the case registered?
The case was registered at Clementown police station in Dehradun.
Q. Who filed the complaint?
The complaint was filed by Chandraballabh Shukla, a Clementown resident and retired soldier.
Q. Which investment opportunities were allegedly promoted?
The complaint refers to MetaTrader 5 and the Financial Freedom Project, along with crypto and forex trading claims.
Q. What returns were allegedly promised?
The accused allegedly promised monthly returns of 5% to 8%.
Q. Who is named as the main accused?
The complaint names Lavish Chaudhary, also known as Nawab Ali, as the alleged main accused.
Q. Which platforms are mentioned in the complaint?
The platforms named are Bot Bro, Cross Market, Mine Crypto and TLC Coin.
