Ahmedabad Crime Branch Cracks Crypto Fraud and E-commerce Syndicate

The Ahmedabad City Crime Branch successfully apprehended Sujit Shankarrao Dev, a fugitive wanted for over two years in connection with a more than Rs. 100 crore crypto-investment fraud case and MPID Act offenses in Dahisar, Mumbai. Dev, a resident of Naroda, Ahmedabad, had been evading capture since the charges were filed.

In 2021, Dev, alongside other partners, launched a 'Crypto Currency Investment' scheme in Dahisar, Maharashtra, promising fourfold returns. This led to significant fraudulent activity, where over 100 individuals were deceived out of their investments, amounting to crores of rupees, before Dev absconded.

The recent arrest near Ahmedabad Airport follows another significant operation by the Crime Branch, which dismantled an interstate e-commerce fraud syndicate. This group was notorious for infiltrating supply chains and swapping high-value electronics orders with dummy products. The operation led to the arrest of five suspects, though two remain missing.