₹3,100 crore has been defrauded from 3.22 lakh people across the country using a fake website named XPO.RU. Bharatpur Police has arrested five accused in this biggest cyber fraud running from Dubai. This site was not even registered in India and many police officers also became its victims.
Three lakh twenty two thousand people across the country have been defrauded through the XPO.RU website. Bharatpur Police has exposed the biggest fraud of Rajasthan. Five accused running the website have been arrested. The website was running from Dubai. Many police officers have also become victims of this fraud. The accused had recovered ₹3,100 crore in the name of investment.
IPS ASP City Pankaj Yadav said that Bharatpur Police has busted a big cyber fraud going on in the country. This website was running under the name XPO.RU. When the website was checked, it was found that the company was not registered anywhere in India. When the license of the website was checked, it appeared to be from other countries.
The website was created in Jaipur
After this the police registered a case at Mathura Gate police station. Upon investigation, the people running this website were identified. The website was created in Jaipur. It was launched in December 2022. 474,000 people have logged in to this website. KYC of 322,000 people was approved. Rs 3,100 crore was collected in the name of investment. People invested through this website and were given a portion of the money along with interest every other month.
Rs 3,100 crore collected in the name of investment
On adding a new person, 5 percent commission will be given on the investment. They were diverting the money collected from people in the name of investment. As long as people kept joining, money kept coming. Out of Rs 3100 crore, Rs 1000 crore was returned to the people. People kept connecting with this website. Cash was taken for investment. There were agents to collect the cash. Agents used to collect cash and deposit it in XPO wallet.
Many luxury cars and cash recovered
The main accused Sandeep Shikhar has been identified. He was the one who created this website. The search for Sandeep continues. So far five accused have been arrested. So far, Rs 40 lakh in cash, $43 thousand in cryptocurrency and five luxury cars (one Mercedes, one Fortuner, one SUV, two Scorpio) worth Rs 3 crore have been seized.
The mastermind previously ran a small marketing company
Sandeep used to run a marketing company in Jaipur till three years ago. After that he started running a small investment company. He made XPO to run for 5 to 6 months. As the popularity of the website increased and people’s trust increased, Sandeep continued running it. It was claimed on the website that Russian investors were investing money, but no such expert was present.
The site operated from Dubai
All the visitors to the website were from India. No foreign nationals were involved. Sandeep was operating the website from Dubai for the last 4 months. Many police officers had invested in the website. However, no senior police officer has been named yet. In this case the investor’s money will be returned from the seized property. About 10 people were operating the website.
Cryptocurrency worth ₹1 crore every month
Atul Sharma has been arrested in this case. He is a resident of Bharatpur, Bhusawar. Another accused Rakesh Pandey used to work as a cash collector and used to give money to Atul. Atul was moving ₹1 crore (approximately $10 million USD) worth of cryptocurrency. He has moved ₹6 crore (approximately $10 million USD USD) in the last six months.