Bhubaneswar: Sushil Kumar Tudu, the founder and Jharkhand head of STA India, was arrested by the Odisha Economic Offence Wing (EOW) in Dhanbad, Jharkhand, on Friday, and transported to Odisha on a transit remand. Tudu is a key figure in the STA organization and is accused of generating over Rs 4 crore in illicit income through cryptocurrency investment frauds.
Tudu was presented before the CJM Court in Dhanbad and is scheduled to appear before the OPID Court in Cuttack. Three other individuals, including India Head Gurtej Siddhu, have already been arrested in connection with the case. A Look Out Circular has been issued against four individuals, including Hungarian national David Gej.
Investigations revealed that Tudu had an extensive network of downline members in both Odisha and Jharkhand. He is accused of using various crypto investment groups, such as Striker Pro, Beeta Global Development Team, Bulleto Crypto Machine, Wellbe 24 899, ME 300 Binary Income per day, and 3000 cupping, to defraud investors.
Bank accounts linked to Tudu, holding Rs 15.53 lakh, have been frozen as part of the ongoing investigation.