Odisha police may question actor Govinda in alleged fake cryptocurrency case

Officials from the economic crimes wing of the Odisha police said the actor, who had attended a promotional event of Solar Techno Alliance (STA-Token), a multi-level marketing scheme that advertised itself as a cryptocurrency, in Goa on the 30th July could be called.

“We can summon him to Bhubaneswar for questioning or a team can visit him in Mumbai to question him about the great role of this STA association in Goa. Govinda had launched a promotion in July and promoted the company in some videos,” said EOW deputy superintendent of police Sasmita Sahoo.

“Only after an investigation can his exact role in the case be determined. He could be named as a witness in the case,” he added.

Also read: The police discover $30 Crore Crypto Scam

Last month, the EOW dismantled the fake STA cryptocurrency scheme and arrested the 40-year-old mastermind, Gurtej Singh Sidhu, a 40-year-old man from Punjab.

Unlike popular cryptocurrencies, STA actually functioned as a multi-level marketing scheme where new investors were supposed to get new investors to keep it running.

Investors were promised that they would earn between $20 and $3000 per day if they joined the scheme and got STA Crypto Tokens that they could hold for five years and get more money in return.

Sidhu has been charged with cheating, forgery and criminal conspiracy under the Indian Penal Code (IPC) and under sections of the Movement of Money and Prizes Prohibition Act.

EOW officials said they are now searching for STA state heads like Madhya Pradesh, Chhattisgarh, Jharkhand, Bihar, Punjab and Rajasthan.

“More and more people who were scammed out of their hard-earned money are coming forward. file a complaint against its front-line members. Once we establish the money trail between the gullible investors and the STA, we will file a charge sheet,” said an EOW official.