Assam Police Crackdown on ₹200 Crore Crypto Fraud
Assam Police Busts ₹200 Crore Crypto Scam; Two Arrested in South Salmara
March 05, 2025: Assam Police uncovered a massive ₹200 crore cryptocurrency scam involving TLC 2.0. Acting on a secret tip, officers from South Salmara Mankachar Police launched a search operation under the supervision of the Additional Superintendent of Police and a Sub-Inspector on March 4, 2025. The raid was conducted under South Salmara Police Station.
During the operation, police arrested two individuals—Akheruzzaman Ahmed and Nur Alom Ahmed, both residents of Tumni Simlakandi, South Salmara Mankachar district. They were found running a fraudulent investment scheme under the pretense of a crypto token named TLC 2.0 (Trillionaire). The scam operated through platforms like Bot-Bros, Algo-Bot, and Bot-Alfa (botalpha.biz).
The accused lured investors into a multi-level marketing (MLM) scam, falsely claiming high returns through AI-powered forex trading. They promised investors monthly returns of 5-6%, far exceeding market norms.
During the investigation, police linked the scam to Lavish Chaudhury, a Dubai-based individual previously involved in a ₹500 crore investment fraud in Himachal Pradesh. He also owns the cricket team UP Nawabs and reportedly held a recent meeting at Greenwood Resort in Khanapara, Guwahati, with the arrested suspects and their associates.
Assam Police discovered a pass confirming the accused’s attendance at the meeting.
During the search, police seized:
- 5 mobile phones
- 3 laptops
- 1 pen drive
- 1 Airtel Payments Bank ATM swipe machine
- 11 ATM cards
- 5 bank passbooks
- 7 cheque books
- Bot Alpha Scheme documents
- Diaries detailing transactions
- 1 passport belonging to Akheruzzaman Ahmed
Preliminary investigations revealed that the scam had been active for a long time. The accused had established an extensive network of downlines across Assam, including Goalpara, Dhubri, Kokrajhar, and Kamrup.
The main mastermind, Lavish Chaudhury, originally from Murshidabad, UP, expanded his operations in Northeast India through Abdul Kalam of Chhaygaon, Kamrup Rural district. The downline reportedly includes over 1 lakh individuals, with a minimum investment of ₹20,000 per person.
Assam Police suspect that over ₹200 crore has been siphoned off to other countries. Analysis of the scam’s URL revealed that the website is hosted on Cloudflare Inc. servers, with IP addresses based in San Francisco, USA, and Frankfurt, Germany. A CoinMarketCap scan found no trace of the so-called TLC 2.0 crypto token.
The accused conducted large-scale events, persuading people to invest in fake crypto tokens. By promising high returns, they expanded their network and defrauded investors.
An FIR is being filed, and further investigations are underway. Authorities are working to trace the financial trail and identify other suspects involved in the fraud.
The South Salmara Mankachar Police’s swift action has exposed one of the largest crypto scams in Assam. The arrest of two key individuals marks a significant breakthrough, but with the scam’s vast network, authorities are continuing their probe to bring more perpetrators to justice.
Also read: Assam Police Prevents Illegal Entry, Pushes Back Four Bangladeshi Nationals
🚨 Yet another action against Crypto TLC 2.0 scams!🚨
— South Salmara Mankachar Police (@SSalmaraPolice) March 4, 2025
South Salmara Police arrested 2 accused in the **Crypto TLC 2.0** fraud, linked to ₹200+ Cr scam. Seizures: phones, laptops, ATM cards & forex trading records. FIR registered; probe ongoing to establish further linkages.
