Ropar, June 24

The police have claimed to bust a gang involved in cryptocurrency investment with the arrest of two persons, including a bank manager, here today.

The arrested accused have been identified as Gagandeep Singh of Chamkaur Sahib, posted as a branch manager at a Bank of India branch in Morinda, and Mandeep Singh of Majitha Road in Amritsar.

Ropar SSP Akhi Chaudhary said both accused allegedly used money of bank clients for investment in cryptocurrency using various applications. Recovery of Rs 5.5 lakh has also been made from accused Mandeep. The SSP said the fraud came to light when victim Gursewak Singh from Morinda lodged a complaint with the police that bank manager Gagandeep fraudulently transferred money from credit limit accounts of his father and mother to invest in cryptocurrency with the help of Mandeep. — TNS