Overview

• Twenty FIRs now name Jawed Habib, his son Anas, his wife — described by police as Follicle Global Company’s founder — and associates including Saifullah.
• Lookout notices have been issued for all family members, and Habib has been summoned to Sambhal for questioning.
• Investigators are mapping assets with planned enquiries at properties in Delhi and Mumbai under CrPC Section 107, with possible Gangster Act action if chargesheets are filed.
• Police allege the scheme was pitched at Royal Palace Venkat Hall in 2023, promising 50–75% returns through Bitcoin and Binance Coin investments.
• Authorities estimate losses of Rs 5–7 crore affecting more than 100 investors, and say the company was shut down as the accused went untraceable.