Overview

• Uttar Pradesh police filed the case in Sambhal after multiple complaints alleging losses of lakhs linked to Follicile Global Company.
• Police say attendees at a Royal Palace Banquet Hall program were urged to invest in Bitcoin and Binance Coin with assurances of unusually high profits.
• Complainants report that when payouts were sought the company shut down and the accused were no longer reachable.
• Investigators say some funds moved to an account held by a man named Saiful, described as a director of the firm.
• The case has been registered under serious fraud sections and remains under investigation, with no arrests or recoveries announced by police.