Bhubaneswar, Aug 7 : India head of STA Crypto token” Gurtej Sigh Sidhu was arrested by the Economic Offence wing of Odisha Crime Branch from Rajsthan in a Ponzi rip-off involving greater than Rs.1000 crore. EOW sources right here on Monday stated Sidhu a local of Faridkot, Punjab was arrested from Sri-Ganganagar, Rajasthan. He was produced earlier than an area court docket in Sri-Ganganagar which granted a 7 days transit remand. The EOW introduced him to Odisha and he can be produced earlier than OPID Court, Cuttack. Sidhu was incessantly altering his location in locations like Goa, Lonavala, Mumbai, Delhi, Faridkot, bhatinda, Hanumangadh and Sri Ganganagar. A staff of EOW led by DSP Sasmita Sahoo was monitoring his motion. The EOW additionally arrested one Nirod Das who’s the Odisha head of STA in reference to the rip-off. After getting intelligence from varied sources {that a} crypto foreign money based mostly Ponzi scheme/rip-off is being run in Odisha an enquiry was carried out. During enquiry it was discovered that STA by some up- line members are very lively in a number of Odisha districts they usually have been utilizing varied propaganda instruments to steer individuals to affix on this scheme and earn large cash in a really quick time. It was discovered that members have began utilizing the STA token like a authorized tender of their day after day enterprise. It is estimated that greater than 10,000 individuals from Odisha have already been members of this scheme. This scheme/rip-off has greater than 2 lakh members (Pan India) primarily within the states like Punjab, Rajasthan, Bihar, Jharkhand, Haryana, Delhi, Madhya Pradesh,Odisha, Maharashtra, and Assam. STA (Solar Techno Alliance) was launched in September 2021. In its web site & social media accounts it claims to be a “one stop Solar Technologies service that enables users to order anything they like from the nearest farmers in the shortest amount of time using block chain technology”. But throughout investigation it was seen that STA will not be licensed by RBI or every other authorities to gather deposits.It runs an enormous Ponzi (MLM/ Pyramid) scheme within the garb of Crypto Token. STA is headed by one David Gez, a younger Hungarian (Europe) nationwide who has visited India a number of occasions. Gurtej Singh Sidhu is claimed to have reached the highest stage of STA’s Pyramid construction (Kohinnor management in STA language) and he heads/runs the scheme/ rip-off in India He additionally claims to be a Crypto foreign money professional, MLM Guru, Life coach and a motivational speaker. Both David Gej and Gurtej Sidhu have travelled to many locations in India together with Odisha and have attended varied STA Programs. STA conducts a number of publicity applications at varied locations to unfold its membership. They use fancy inns, motivational audio system, music, lunch/dinner and so forth. in such conferences to brainwash future members. They additionally run a number of YouTube channels for publicity and tutoring the brand new members. The members are promised that they may earn $20 to $3000 per day in the event that they be part of this scheme and add extra members underneath them. EOW sources claimed that transactions (credit score & debit) of greater than Rs 30 crore was seen within the checking account of Nirod Das, the Odisha head of STA. Also there’s a large money deposit in his accounts which signifies that plenty of black cash is routed/ parked on this rip-off. All the accounts have been frozen ,the EOW stated, including that whole cash concerned (Pan India) in STA is estimated to be greater than Rs 1000 Crores. The EOW has suggested the individuals to not make investments their hard-earned cash in such MLM/Ponzi schemes.It has additionally issued an advisory to Film stars/ celebrities to test the credentials of the get together/firm/group earlier than endorsing/ selling such scheme/ program.