Mastermind in crpto-cyber frauds, drug trafficking,&extortion cases Praveen Kumar Paposa surfaces in Jind after 3years
CBI to Probe Involvement of Ashish Malik and his partner Praveen Kumar Paposa in Extortion, Crypto-Cyber fraud, and Drug Trafficking cases
The Central Bureau of Investigation’s (CBI) Maharashtra and Uttar Pradesh teams have swung into action to probe several cases of extortion, crypto-cyber frauds, and drug trafficking against Ashish Malik and his partner Praveen Kumar Paposa. In these cases, nine FIRs were lodged in several states including Gujarat, Madhya Pradesh, Uttar Pradesh, Punjab, Haryana, Chhattisgarh, Rajasthan, Telangana, and Delhi- and a lookout notice has been issued against Malik who is absconding. His partner Praveen Kumar Paposa has surfaced in Jind after three years and along with these pending cases he also faces charges of extortions.
The former partner of Stockguru and nine other companies Malik was arrested by Delhi’s Daryaganj Cyber Cell in a Crypto fraud case. Indore Police registered a case against him in similar (Crypto) fraud whereas Rajasthan Police has been investigating a case against him in a Ponzi scheme. Malik is also wanted in the Stockguru fraud case in Punjab. Hyderabad (Telangana) and Raipur (Chhattisgarh) Police Cyber cells are probing a crypto fraud case against Ashish Malik and his partners including Praveen Pasposa.
In 2018, a Gujarat-based businessman Dinesh Thakkar, who was arrested in a drug trafficking case in Raipur (FIR No-124/2018) under Section 20 of The Narcotic Drugs and Psychotropic Substances Act (NDPS), in his memorandum to Rakhi Police Station in Raipur district highlighted the role of mastermind Ashish Malik and others in drug trafficking. He alleged that he was dragged into drug trafficking by Malik.
As per police records, Malik has been arrested four times and a lookout notice has already been issued against him.
With several complaints and FIRs against Mallik and his partners like Praveen Paposa, CBI has swung into action. A probe has already been initiated them.
A complaint lodged with the CBI in April 2020 highlights the involvement of Praveen Paposa of Jind in a fraud case wherein he cheated Darwin Platform Hybrid Car Cab Company with crores of rupees and more than eligible playouts. He also threatened the Company Management with ‘dire consequences’ if the company takes any legal action against him.
Mastermind in crpto-cyber frauds, drug trafficking,&extortion cases Praveen Kumar Paposa surfaces in Jind after 3years
The Complaint to the CBI said, “The fraud has committed by the involvement of software vendor who has also supported by hiding commercial data and not updating the same in software as per compliance so the company can notice fraud over the period of operations and also enabled vendors in committing fraud with the company.
The company has already communicated with Vendors to return the excess amount claimed against payouts which are more than what they are legally eligible for. But the old vendors have still not deposited the amount in Company Bank Account due to which company is forced to take regulatory actions in the fraud committed.” In this complaint, Praveen Kumar Paposa (Jind), Shiv Charan (Panipat), and Ramavtar Singh Bijarania ( Sikar, Rajasthan) have been named as old vendors and Maxtra Technoliogies of Noida as Software company involved in the fraud.
