AMBALA — Police in Sahha have registered a criminal case against a local resident accused of cheating six women out of approximately 70 lakh rupees by luring them into a fraudulent cryptocurrency investment scheme. The suspect, identified as Jatinder, allegedly exploited long-standing village ties and personal family connections in Samleheri village to convince local women to hand over significant sums under the promise of regular monthly interest and massive capital gains. Following a formal petition submitted to the Ambala Superintendent of Police by one of the victims, law enforcement authorities initiated an active investigation into the multi-layered financial deception.
Village Familiarity Leveraged to Secure Growing Loans
According to the complaint filed by Samleheri resident Rajdulari, the suspect used regular social visits to cultivate trust before proposing lucrative digital asset investments. The complainant initially handed over 6 lakh rupees in cash in July 2023, receiving nominal payouts early on that established a false sense of security. Encouraged by these early returns, she was persuaded to secure a bank loan of 9.50 lakh rupees from the Sahha branch of Ujjivan Bank in February 2024, which she transferred to the accused. Two months later, the complainant borrowed an additional 5 lakh rupees from relatives to meet further demands. While the suspect initially returned two instalments of 50,000 rupees each, repayments ceased altogether shortly thereafter, with the accused citing technical malfunctions on the cryptocurrency platform.
Escalating Financial Commitments and Coercive Intimidation
The scheme expanded further in June 2025 when the accused approached the victim again, falsely claiming that company operations had resumed and that deposits reaching 25 lakh rupees qualified for enhanced returns. Acting on these assurances, the complainant secured another loan of 4.50 lakh rupees from the State Bank of India, bringing her total personal exposure to 25 lakh rupees across multiple cash handovers and borrowings. When the complainant pressed for the immediate return of her principal and promised gains, the suspect flatly refused. The victim further alleged that the accused resorted to intimidation, threatening to end his life and name her in a suicide note if she continued to demand repayment.
Broader Financial Probe Initiated Across Village Network
The investigation has broadened beyond the initial complaint, as the victim reported that five to six other women from the same village were similarly misled into parting with cumulative sums between 60 lakh and 70 lakh rupees. Sahha police have commenced detailed inquiries to trace the flow of funds, assess previous complaints, and verify the full extent of financial losses suffered across the locality. Financial authorities note that the episode highlights the persistent danger of affinity fraud, where fraudsters weaponise close personal ties and token initial repayments to convince small retail investors to take on debt for unregulated schemes.
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