Crypto Scam Kingpin’s Property to Be Seized in Haroli, Kangra
Mastermind Subhash Sharma’s property in Haroli, Kangra to be seized to recover investors’ ₹2,500 crore. Assets in Chandigarh & Haryana also targeted.
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Kangra, Himachal Pradesh – In a major step to recover investors’ money, the Kangra Divisional Commissioner has ordered the seizure of property belonging to Subhash Sharma, the mastermind behind a massive ₹2,500 crore cryptocurrency fraud in Himachal Pradesh.
Sharma’s property in Haroli, spanning over 63 kanals of land, has been identified for seizure, with ten officials tasked to carry out the legal process. The Divisional Commissioner, Vinod Kumar, has formally notified Sharma at his permanent address about the order. The seizure order is based on the first FIR registered at Palampur Police Station in connection with the crypto scam.
For the first time, authorities are taking concrete steps to return investors’ money by identifying, seizing, and auctioning the assets of the scam’s kingpin. The order also involves multiple officials, including the DC Una, Settlement Officer Kangra, SP Kangra and Una, SDM Haroli, DSP Palampur, Tehsildar Haroli, Tehsildar Settlement Circle Badsar, Naib Tehsildar Settlement Una, and SHO Palampur, to execute the necessary actions.
Properties in Chandigarh and Haryana Also Targeted
Subhash Sharma is reported to have used the fraudulent funds to acquire properties worth crores in Chandigarh and Haryana. The process of seizing these assets is ongoing. Most of the victims of this cryptocurrency fraud are from Mandi district, but the scam’s reach extends to Hamirpur, Solan, Kangra, Bilaspur, and Solan as well.
Authorities are now moving swiftly to ensure that investors’ money is recovered through asset identification and legal action against the fraudster.
