Suspected Mastermind Behind Kassh Coin Arrested


The New Delhi Police Branch has arrested Asif Ashraf Malkani – a thirty-five-year-old man accused of operating Kassh Coin – a multi-million dollar scam that duped Bollywood celebrities, among scores of Indian investors. Also Read: ‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland Operator of Crypto Scam That Duped Bollywood Celebrities Apprehended Asif Ashraf Malkani, the accused mastermind behind a multi-million-dollar scam that targeted scores of prospective Indian cryptocurrency investors, has been arrested by police in New Delhi. According to local media, Mr. Malkani ‘launched’ the fictitious cryptocurrency ‘Kassh Coin’ during 2016, before promoting the coin during December 2017 at “a grand function held at a farmhouse in Chhatarpur” that saw “Bollywood celebrities and models” enlisted to “perform and market the coin” at the event. Investors paid 3.5 Indian Rupees ($0.047 USD) per Kassh Coin. Mr. Malkani is said to have sought to go into hiding after many of the scammed investors contacted police, however, he was caught after relocating to Uttar Pradesh and attempting to launch another cryptocurrency called ‘V-flix’. Investigations have revealed that Mr. Malkani was also seeking investment to launch a “commercially viable video streaming website” called V-Tube, and has been identified as moving a significant sum of money through a firm named “Puneet Enterprise.” Malkani Organizes Multiple “Youth Seminars” to Promote Kassh Coin Police Commissioner, Ajit K Singla, stated that the arrest and investigations into the operations of Mr. Malkani and his companies were carried out by a team led by Deputy Commissioner of Police, Bhisham…
Source: Suspected Mastermind Behind Kassh Coin Arrested

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