Raigarh Cyber Police have arrested three men over an alleged ₹11.60 lakh investment fraud in which a young man sold agricultural land to invest in digital tokens after being promised high returns.
The accused have been identified as Gajula Mohan, 45, Chandan Das, 33, and Bhavesh Patel, 28.
Police say the victim, Vikram Parida, was persuaded to invest in products promoted as Unity Meta Token and BD Coin.
He allegedly invested the money between July and September 2024 but received neither the promised returns nor his principal amount.
The three accused have been sent to judicial remand. The allegations remain subject to investigation and trial.
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Victim Sold Farmland to Fund Investment
According to police, Parida came into contact with Gajula Mohan while living in Raigarh.
Mohan allegedly told him that he was making profits by investing in Unity Meta Token and BD Coin and encouraged him to do the same.
The prospect of quick returns reportedly convinced Parida to raise a substantial amount for investment.
Police say he eventually sold agricultural land and invested a total of ₹11.60 lakh.
The transfers were allegedly made over several weeks from July 25 to September 2024.
Investigators say Chandan Das acted as an intermediary, while money was transferred into a bank account associated with Bhavesh Patel, who was allegedly involved in activities linked to BD Coin.
The victim later demanded his money back after receiving neither the expected profit nor the original investment.
When repeated requests allegedly failed, he approached police.
Bank Records Led Police to Three Accused
Raigarh Cyber Police obtained bank statements linked to the transactions and examined the movement of money between the victim and the accused.
Investigators say the records helped establish financial links that led to the arrests.
A case has been registered at Cyber Police Station, Raigarh, under Sections 318(4) and 3(5) of the Bharatiya Nyaya Sanhita.
Section 318(4) deals with cheating where a person is dishonestly induced to deliver property, while Section 3(5) covers acts allegedly carried out by several people with a common intention.
Police are now examining where the ₹11.60 lakh went after entering the identified accounts.
Investigators suspect that portions of the money may have been passed onward to other people.
They are also examining possible links extending to Odisha and Mumbai.
Earlier Case Also Mentioned Unity Meta Token
The current investigation has another important dimension.
Police say Gajula Mohan had already been named in a separate cheating case registered in 2025 at Chakradharnagar Police Station.
That earlier matter also involved allegations connected to the Unity Meta Token investment platform.
A Chhattisgarh High Court order from July 2026 confirms that Mohan and another petitioner had challenged FIR No. 337/2025, which arose from an investment dispute involving Unity Meta Token.
The existence of that earlier case does not by itself establish guilt in the current matter.
However, investigators are examining whether the previous allegations and the latest complaint point to a broader pattern involving the same investment product or network.
Police are also trying to determine whether additional investors may have transferred money after receiving similar promises.
Digital Token Schemes Can Be Difficult to Verify
Investment scams increasingly use the language of cryptocurrency, digital tokens and international currencies to appear sophisticated.
A token can be presented through an app, website or private network even when there is little independent information about who issued it, how it is traded or whether investors can actually withdraw their money.
Fraud risks increase when returns are promised verbally or through private contacts rather than through regulated financial intermediaries.
Victims can also be persuaded to invest progressively larger amounts after seeing claims that other investors are earning high profits.
In some schemes, displayed profits exist only on a dashboard controlled by the operators.
The real test comes when an investor attempts to withdraw the money.
If withdrawals are repeatedly delayed, new payments are demanded or the person promoting the investment avoids providing clear documentation, those are major warning signs.
Police in Raigarh are continuing to examine bank accounts, mobile phones and possible links to other individuals.
The investigation will determine whether the alleged scheme affected more victims and where the remaining money ultimately went.
What this means for you:
Do not sell property or borrow money for an investment solely because someone promises unusually high returns from digital tokens. Verify who issued the token, whether it can be independently traded and whether the platform is regulated before transferring money.
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