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Get rich quick: The anatomy of a fake cryptocurrency scam

A two-member team of the EOW of the Odisha police has arrested Gurtej Singh Sidhu, accused of a cryptocurrency scam worth close to ₹1,000 crore.

Updated on: Sep 11, 2023, 13:14:50 IST
By Debabrata Mohanty
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At 11.45 am on August 4, a two-member team of the Economic Offences Wing (EOW) of the Odisha police, headed by deputy superintendent of police Sasmita Sahoo, landed outside a run-down hotel in the dusty town of Sri Ganganagar in Rajasthan. They were tired. Over the last few days, 40-year-old Gurtej Singh Sidhu, accused of a “cryptocurrency scam” worth close to ₹1,000 crore, had led them on a chase from Goa, to Delhi, to Amritsar, and finally to Rajasthan.

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ABOUT THE AUTHOR
Debabrata Mohanty

Debabrata Mohanty is a senior assistant editor of Hindustan Times who works as state correspondent from Odisha covering the state's politics, governance, public policy, natural disasters, environment and its society for close to three decades. With his long years of reporting from the state capital of Bhubaneswar, Mohanty has been known as one of the most experienced and credible journalists covering Odisha for the national English dailies. His reporting combines on-ground detail with deep institutional knowledge detailing the state's changing politics, governance issues, administrative reforms and the functioning of its public institutions. He has regularly reported on issues ranging from legislative developments and public policy implementation. Politics is his core areas of expertise as he closely tracks Odisha's political landscape, including the rise and transformation of the Bharatiya Janata Party (BJP), the Biju Janata Dal (BJD), the two principal political parties in Odisha. His long association with the state's political establishment enables him to write on contemporary developments in a larger political context. Mohanty takes a deep interest in writing human interest stories, environmental issues and documenting the impact of cyclones, floods, heatwaves, and other climate-related events in one of the most disaster-prone states. His coverage extends to public health, governance reforms and stories on accountability of government institutions. Before joining Hindustan Times, Mohanty worked with The Indian Express, Mail Today, and The Telegraph, where he covered at least six general elections and as many assembly elections. In 2007, he was selected for the prestigious Chevening Young Indian Print Journalist Programme at the University of Lincoln, United Kingdom, where he received advanced training in print journalism. In 2009 he won the Press Institute of India-International Committee of Red Cross award on conflict reporting for his on-ground reportage of 2008 Kandhamal riots.

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