Plea for CBI probe into FQL cryptocurrency investment scam
The petitioner stated that schemes operating under names including FQL Investment Trading, FQL Exchange App and VG Investment Group Syndicate induced people to invest by promising unusually high daily returns and claiming their money could double within 40 to 45 days. He stated that he and his wife invested Rs1.08 lakh in the FQL app. However, the app stopped working on August 25. He stated that when people came to know that they were cheated, nearly 34,000 complaints were submitted in and around Madurai against the company.
Investments were allegedly collected through cash and UPI payments, with part of the funds converted into USDT cryptocurrency. Thousands of people also invested their money in the app. The case is currently being investigated by the economic offences wing. You Can Also Check: Gold Rate in Madurai | Silver Rate in Madurai | Bank Holidays in Madurai | Public Holidays in Madurai | Madurai AQI | Weather in Madurai | Petrol Price in Madurai | Diesel Price in Madurai | CNG Price in Madurai | LPG Price in Madurai
Madurai : Madras high court on Thursday sought a response from the state on a plea seeking a CBI probe into the FQL cryptocurrency investment scam.