Bhubaneswar, Aug 19: The Bureau Of Immigration (BOI) has issued a Look out Circular (LOC ) against David Gez, (32,) a Hungarian National and head of mega Solar Techno Alliance (STA) Crypto Ponzi Scam, EOW of Odisha Crime Branch said here on Saturday.
The Look Out Circular was issued on request of EOW of Odisha Crime Branch which has already arrested three accused —India head of “STA Crypto token” — Gurtej Sigh Sidhu, (40) a native of Faridkot, Punjab, Nirod Das of Bhadrak, the Odisha head of STA and Ratnakar Pallai , an up-line member of STA having huge number of members below him.
It is estimated that more than 10,000 people from Odisha have already been members of this scheme. This scheme/scam has more than 2 lakh members (Pan India) mainly in the states like Punjab, Rajasthan, Bihar, Jharkhand, Haryana, Delhi, Madhya Pradesh, Maharashtra, Odisha and Assam.
The total money involved in the scam (PAN India) is estimated to be more than Rs 1,000 crore, EOW said.
Gez entered India with tourist Visa twice in 2022-23 and stayed in India for about 25 days travelling various places like Odisha, Goa, Punjab, Jharkhand and Delhi. During his first visit he had travelled to India via USA and Turkey and second time via Poland.
In Odisha, he travelled to Bhubaneswar and Bhadrak. He has deleted his Instagram account after registration of this case. However his Indian associates are still issuing Youtube Videos using his AI generated picture and voice.
The fact is that he was issued with tourist Visa but indulged in business/Promotion activity which is not allowed as per rules of Ministry of External affairs.
The EOW would be reporting this fact to MEA for necessary action in addition to the legal action in the current case. The involvement of a second foreigner, a Dutch national, in this scam is under scrutiny.
Some top line members of this scam are still indulging in the propaganda (through YouTube, Whatsapp Group etc.) and continuing adding innocent investors below their chain. Their activities are under surveillance and action will be taken against them, EOW sources said.
