Hairstylist Jawed Habib and his son Anos have been booked in 23 cases of fraud for allegedly duping investors of Rs 7 crore through a Bitcoin scheme promising 50-70 perc annual returns. Police have identified 38 victims and issued a lookout notice against the duo
Celebrity hairstylist Jawed Habib. PIc/XShanuMedia
Hairstylist Jawed Habib and his son Anos Habib have been booked in 23 cases of fraud for allegedly swindling Rs 7 crore from the people through an investment scheme, police said on Wednesday. Superintendent of Police Krishna Kumar Vishnoi said the two ran a scheme under the banner of FLC Company, promising investors annual returns of 50-70 per cent on Bitcoin purchase.
“They took around Rs 5-7 lakh from each investor, claiming it would yield high returns, but even after two and a half years, none of the investors received their money back,” Vishnoi said. The investigators have so far identified 38 people who were defrauded through the scheme.
“Twenty-three FIRs have been filed against Javed Habib, his son Anos Habib, and their associate Saiful. The scam appears to have been operated like an organised gang,” Vishnoi said. Police have issued a lookout notice against the duo.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
