# Jaipur arrests two in alleged ₹1 billion crypto investment fraud Author: Hatice Ertaş Language: English Published: 2026-10-03T22:14:33+03:00 Updated: 2026-10-03T22:14:33+03:00 ![Conceptual investigation scene with a phone in an evidence bag, a car key and a broken chain symbol](https://kriptometa.com/uploads/jaipur-da-milyar-rupilik-kripto-dolandiriciligi-iddiasi-gozalti-5dc2b848dda4_article.webp) ## Key takeaways - The October 2 arrests concern alleged property and cryptocurrency investment fraud. - Police froze a ₹10 million fixed deposit and seized a car and a motorcycle. - The suspected fraud total is separate from money frozen during the investigation. Investigators have traced a bank deposit and seized vehicles in a case involving promises of high returns. One complainant says he paid ₹55.5 million. Police in Jaipur, India, arrested two men on October 2 in an alleged investment fraud involving fake cryptocurrency websites and roughly ₹1 billion. [The Times of India, citing police](https://timesofindia.indiatimes.com/city/jaipur/jaipur-police-arrest-two-in-rs-100-crore-fake-crypto-investment-fraud/articleshow/134644071.cms), reported that investors were offered high returns from property and cryptocurrency investments. Sodala police froze a ₹10 million fixed deposit allegedly funded with proceeds from the scheme. Officers also seized a Mercedes E 450 and a Triumph Street Triple motorcycle. Computers, a laptop and mobile phones were recovered as investigators examined the movement of money. The “100 crore” figure used in local reports equals one billion Indian rupees, not dollars. It describes the suspected scale of the fraud. The arrests do not establish guilt, and the allegations remain subject to the investigation and legal proceedings. ## One complaint describes ₹55.5 million in payments In the [complaint described by Bhaskar](https://www.bhaskarenglish.in/local/rajasthan/jaipur/news/jaipur-police-arrest-two-fraud-accused-seize-mercedes-crypto-scam-139224939.html), investor Rishi Mehta says he was persuaded to invest through a company called Easy Way Homes with promises of substantial profits within months. He alleges that he paid ₹15.5 million by cheque and about ₹40 million in cash, a combined ₹55.5 million. Mehta says he could no longer contact the company when repayment was due. The Times of India puts that date at January 1, 2026. The complaint therefore predates the latest arrests by months: the current development is the detention of two suspects and action against assets linked to the inquiry. Police allege that websites operating under the names Flinty-io and Flinty-live were used to attract investors. Bhaskar also reports complaints at other police stations involving the same suspects. The accounts do not establish whether amounts in separate cases overlap, so those figures should not be added on top of the reported overall total. **Freezing a deposit is not the same as recovering the full alleged loss.** The ₹10 million deposit, the roughly ₹1 billion suspected fraud and the complainant’s ₹55.5 million payment are different measures. No repayment to victims has been announced in the reports. ## Investigators are still tracing the money The next part of the inquiry concerns where the collected funds went and whether other people were involved. Police are examining whether the recovered devices were used to move money through cryptocurrencies or trading platforms. The reported allegations concern fake investment websites; they do not describe a breach of a blockchain network or an attack on a legitimate exchange. First India News covered the arrests and the frozen deposit in this Hindi-language report published on October 2: [Watch the report on YouTube — Hindi, October 2, 2026](https://www.youtube.com/watch?v=ph3QDBXFsWA). India’s [official cybercrime reporting portal](https://cybercrime.gov.in/) accepts financial-fraud complaints and reports of suspicious website addresses. A site’s appearance as an investment platform does not verify its operator. [Checking a domain through an independent source](https://kriptometa.com/en/crypto-phishing-fake-token-checks) helps separate presentation from identity. We follow related investigations in our [crypto security news](https://kriptometa.com/en/news/security) coverage.