Karimnagar Crime: Customers lured by foreign tours, loans taken under the guise of agents, fraud of Rs 600 crore in combined Karimnagar district.

Karimnagar Crime: Customers lured by foreign tours, loans taken under the guise of agents, fraud of Rs 600 crore in combined Karimnagar district.

Karimnagar Crime: Venom, who invested not one, not two but hundreds of crores of rupees in the name of crypto currency, could not get even a part of it back, now there is a stir in Karimnagar district.

Up to 600 crores…

It is said that more than Rs 500 to 600 crore has been invested in many urban areas including Karimnagar, Jagityala, Korutala and Met Palli of the combined Karimnagar district. It is now being spread that the number of victims in Karimnagar alone is staggering. As the number of victims not going to work knowing that they have lost their investment is increasing the pressure on agents, agents are now giving up.

Some city agents aren’t even sure what to do with the latest developments. Boards flipping just two months ago.. phones being switched off, agents not knowing who to contact.. clients are now left scratching their heads wondering what is happening with their investments. Now agents and customers are left in limbo, not even knowing whether they will get the investment if they complain.

Magic in the name of profit…

If you want to invest in any sector of business then it is natural for the owner of the company to invest. This was the situation till now. Everything is magic when it comes to similar cryptocurrencies. Who knows who the owner is. Don’t even know which country it is.. One coin has the name of one country and the other coin has the name of another country.

The respective coin managers first identify the areas where they can generate income and give priority to those who are successful in certain identified transactions in the market and tame them and appoint them as agents. Foreign tours, expensive liquor etc. are lured by various incentives and attractive commissions and by providing grades and grades to the agents they create a category and a group for themselves. Apart from this, they are talking to other countries through Zoom meetings every evening and taking challenging steps to promote their businesses.

With confidence in agents..

Even if we put a chit of Rs 1 lakh in a chit fund, we will put it only when we have confidence in that company. The reason is that despite the owner of the crypto currency not being known, crores of rupees are being invested. Since the agent is a trustworthy person, they blindly invest behind him and get commission by promoting themselves and others, and the greed of exploiting this crypto currency is making it like three flowers..six nuts. .

People who have invested with the foresight that if they invest through someone they know, they will get some return from their investment in the form of commission, even if they are not sure whether they will suffer loss or profit, they Including others in this. Agents and customers today are entangled in the magic of multilevel marketing.

There are more traders..

People who have been facing difficulties in the business sector for some time are yearning for easy money. Investment worth lakhs of rupees. It seems that traders have turned to this cryptocurrency against the backdrop of no hope in the trading sector. It is reported that businessmen on one hand and employees on the other have come forward to invest only on the indication that there is a possibility of getting higher profits in a shorter period of time. It is also being said that most of the victims have taken loans and made huge investments.

Victims are facing another new problem of not being able to repay their loans. It is said that businessmen of Ganj area of ​​Karimnagar have been defrauded after investing more than Rs 50 crore in the name of crypto currency. Victims who have been cheated on feel ashamed that they will be embarrassed if they speak out. They are taking steps back to complain to the police. People want the police to pay special attention to such frauds and take strict action.

(Reporting by KV Reddy Joint Karimnagar District Correspondent Hindustan Times Telugu)

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