As a fall out of its prosecution process against Onecoin, Dr. Ruja Ignatova, founder of OneCoin, a pseudo digital currency has been added to the list of accused to be charged for Ponzi scam.
According to details of the charge sheet, India is trying Ruja Ignatova alongside 30 people in its charge sheet filed at the Thane Sessions Court.
Indian authorities have confirmed the arrest of at least 23 people, all residents of Thane, Navi Mumbai and Mumbai, while three others have moved the court for anticipatory bail, according to a report by Indianexpress.com.
Last week, the Economic Offence Wing-I released a charge sheet which shows the various degrees of offences they will be prosecuted for.
Deputy Commissioner of Police (Crime) Tushar Doshi overseeing the matter said in a statement published by TheHindu.com that:
“We have filed the primary charge sheet so that the accused who are in custody do not get bail. Of the total 22 accused, six are in custody, while others are on bail. The 60-day period to file the charge sheet was nearly over for the four key accused,”
“The six accused are still on the run. We have identified around 31 bank accounts attached with the scam, and given debit-freeze orders for 19 of them. Around ₹25 crore have been frozen in these accounts,” he said.
He also hinted that the police is looking for four suspected OneCoin affiliates who are four Indians and two foreigners. TheHindu.com said they have been identified as Sanjay Patel, Tejas Goswami, Amit Nimavat and Sanjay Pandey, while the other two are Mary Beyance from Mauritius and Ereena Andreva Belkinska from Bulgaria.
The latest addition of Dr. Ruja Ignatova to the list of accused persons marks another dimension in the crackdown by Indian authorities against OneCoin.
Several other countries have either raised a fraud alert on OneCoin or placed a total ban on the scheme within their borders. Germany’s top financial services regulator, BaFin has earlier this year issued a cease and desist order against OneCoin and its affiliates in the country.
Dr. Ruja Ignatova is a Bulgarian, he started the scheme in the same country with its headquarters in Sofia. Ruja has for several years deny that OneCoin is not a Ponzi scheme.