Overview

• Sambhal Police said 19 fresh FIRs take the tally to 20 against Habib, his son Anas and his wife, identified by police as the company’s founder, under IPC sections 420 and 506.
• Lookout notices have been issued for all family members, and Habib has been summoned to Sambhal for questioning.
• Police estimate losses of roughly Rs 5–7 crore affecting more than 100 people, with many investing about Rs 5–7 lakh each.
• The case traces to a 2023 FLC-branded event where 50–75% returns on Bitcoin and Binance Coin were touted, and when payouts failed within a year the company was shut and the accused disappeared, according to police.
• Teams are mapping assets in Delhi and Mumbai under Section 107 of the CrPC, and authorities say action under the Gangster Act, including property seizure, could follow if charge sheets are filed.