Thane crypto scam: How fake investment promise by 19 family members cost 2 siblings over Rs 1 crore

Police in Thane have registered a case against 19 family members for allegedly deceiving a man and his brother in a cryptocurrency investment scam which resulted them in a loss of Rs 1.17 crore. According to an official, the complaint was filed by a 42-year-old man at the Rabodi police station.

The accused, including Sabir Yakub Ghachi (50), Shakir Yakub Ghachi (45), and Ruhiha Shakir Ghachi (39), among other relatives, persuaded the victims to invest in a cryptocurrency scheme, promising returns of up to 12 times the invested amount. The victim invested Rs 91.53 lakh, while his brother invested Rs 25.69 lakh starting in March 2022.

When the complainant demanded their money back, the accused gave evasive responses and issued threats, claiming connections with influential individuals. The victim then approached the police.


The case has been registered under sections of the Bharatiya Nyaya Sanhita (BNS) and the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 1999. No arrests have been made so far, according to the police.