25 September,2025 08:29 PM IST | Mumbai | mid-day online correspondent
Javed Habib
Sambhal police have filed a fraud case against renowned hairstylist Javed Habib, his son Anas Habib, and three others for allegedly defrauding over 150 individuals by promising large profits on cryptocurrency investments.
According to reports, Javed Habib and his son enticed investors with the promise of a 50 percent to 75 percent profit via FLC (Follicile Global Company). People were enticed to invest in Bitcoin and Binance Coins, and their funds were moved to the company's accounts. However, when investors demanded returns, the company was supposedly closed down, and the accused disappeared.
SP KK Bishnoi stated, "A group of people approached the police stating that they were defrauded of lakhs of rupees by Javed Habib, his son Anas Habib, and others under the name of Follicile Global Company. They had organised a meeting at Royal Palace Banquet Hall in Sambhal, promising 50-75 percent returns within a year. Investments were made in Binance Coins and Bitcoins. When investors demanded their money back, the accused closed the company and absconded. Following the complaints, a case has been registered against Jawed Habib, his son Anas Habib, Saiful, and others."
The claims surfaced after numerous investors, including Mohammad Hilal, Rehan, Aman, Majid Hussain, and Mohammad Naim, filed complaints with Raisatti Police Station.
Given the case's high notoriety, SP KK Bishnoi asked Additional SP Alok Bhati to conduct an investigation. Following the investigation, the authorities determined that the accused had misled investors by promising excessively high returns.
According to reports, the fraud began in 2023, when Javed Habib and his son organised an event under the name FLC at the Royal Palace Banquet Hall in Sarayatreen, Sambhal.
Around 150 people came, and many were persuaded to invest substantial sums of money with claims of assured returns. Some monies were allegedly transferred to an account owned by a person named Saiful, who claimed to be the company's director.
Police have filed a report under the serious section of fraud, and an investigation is ongoing. It will soon be revealed in which direction the case heads.
